Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Short Interest Up 89,600.0% in September

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 89,700 shares, a growth of 89,600.0% from the August 31st total of 100 shares. Based on an average trading volume of 226,600 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 226,600 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SVNLY shares. Morgan Stanley restated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, September 2nd. Danske downgraded shares of Svenska Handelsbanken Ab Publ to a “hold” rating in a research note on Friday, July 11th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

Svenska Handelsbanken Ab Publ Stock Up 0.9%

OTCMKTS SVNLY opened at $6.53 on Thursday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average price is $6.36 and its 200-day moving average price is $6.31. Svenska Handelsbanken Ab Publ has a 52-week low of $4.73 and a 52-week high of $6.83.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last released its quarterly earnings data on Wednesday, July 16th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Svenska Handelsbanken Ab Publ had a net margin of 15.69% and a return on equity of 13.22%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.48 billion. On average, equities analysts forecast that Svenska Handelsbanken Ab Publ will post 0.54 EPS for the current year.

About Svenska Handelsbanken Ab Publ

Svenska Handelsbanken AB (publ) provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, the United States, Luxembourg, Finland, and Poland. The company offers savings, transactions, business, currency, and investment accounts, as well as accounts for cash pool, and forestry and agriculture; mortgage and committed loans, and private loans; mutual funds; pension products; credit and debit cards; and payment and reconciliation services, as well as foreign exchange rate services.