Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Short Interest Down 38.7% in December

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 80,424 shares, a drop of 38.7% from the November 30th total of 131,179 shares. Based on an average daily trading volume, of 211,109 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 211,109 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SVNLY shares. Morgan Stanley reissued an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, September 2nd. Citigroup reiterated a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, October 14th. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Svenska Handelsbanken Ab Publ currently has an average rating of “Reduce”.

Svenska Handelsbanken Ab Publ Price Performance

Shares of OTCMKTS:SVNLY opened at $7.26 on Friday. The stock’s 50-day simple moving average is $6.78 and its two-hundred day simple moving average is $6.54. Svenska Handelsbanken Ab Publ has a 52-week low of $4.93 and a 52-week high of $7.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.10 and a quick ratio of 2.10.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Svenska Handelsbanken Ab Publ had a net margin of 15.97% and a return on equity of 12.80%. As a group, equities analysts forecast that Svenska Handelsbanken Ab Publ will post 0.54 earnings per share for the current year.

About Svenska Handelsbanken Ab Publ

Svenska Handelsbanken AB (publ) is a Sweden-based universal bank offering a broad range of financial services to private individuals, businesses and institutions. Established in 1871 and headquartered in Stockholm, the bank operates on a decentralized branch model that empowers locally managed offices to deliver tailored banking solutions. Svenska Handelsbanken provides core services such as deposit accounts, lending, payment services and credit cards, alongside specialized corporate offerings including trade finance, cash management and leasing.

In addition to its commercial banking activities, Handelsbanken maintains a dedicated investment banking arm known as Handelsbanken Capital Markets, which offers services in equity and debt underwriting, corporate finance advisory and research.