Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Sees Significant Decline in Short Interest

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 33,911 shares, a decrease of 60.6% from the June 15th total of 86,032 shares. Based on an average daily volume of 339,578 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SVNLY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a report on Monday, April 13th. Morgan Stanley reissued an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, May 12th. Citigroup reissued a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, July 7th. Finally, Barclays restated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a report on Monday, June 22nd. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

Svenska Handelsbanken Ab Publ Price Performance

Svenska Handelsbanken Ab Publ stock opened at $7.38 on Monday. The company has a market cap of $29.23 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 4.26 and a beta of 0.61. The firm’s fifty day moving average is $7.19 and its 200 day moving average is $7.34. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.20. Svenska Handelsbanken Ab Publ has a 52-week low of $5.80 and a 52-week high of $8.26.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.14 by $0.04. Svenska Handelsbanken Ab Publ had a net margin of 17.61% and a return on equity of 14.41%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.50 billion. Sell-side analysts forecast that Svenska Handelsbanken Ab Publ will post 0.61 EPS for the current fiscal year.

Svenska Handelsbanken Ab Publ Company Profile

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.