Short Interest in Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Increases By 143.9%

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY – Get Free Report) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 82,704 shares, a growth of 143.9% from the June 30th total of 33,911 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 232,612 shares, the short-interest ratio is presently 0.4 days.

Svenska Handelsbanken Ab Publ Stock Up 0.5%

Svenska Handelsbanken Ab Publ stock opened at $7.38 on Tuesday. The firm has a market capitalization of $29.23 billion, a PE ratio of 10.39, a P/E/G ratio of 4.24 and a beta of 0.61. The company’s 50-day moving average is $7.25 and its 200-day moving average is $7.33. Svenska Handelsbanken Ab Publ has a fifty-two week low of $5.99 and a fifty-two week high of $8.26. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.10 and a quick ratio of 2.10.

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Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY – Get Free Report) last issued its earnings results on Wednesday, July 15th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. Svenska Handelsbanken Ab Publ had a net margin of 17.75% and a return on equity of 14.26%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Sell-side analysts anticipate that Svenska Handelsbanken Ab Publ will post 0.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

SVNLY has been the topic of several analyst reports. Barclays reiterated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a report on Monday, June 22nd. Morgan Stanley restated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Monday, April 13th. Citigroup cut Svenska Handelsbanken Ab Publ from a “hold” rating to a “sell” rating in a research note on Thursday, July 16th. Finally, The Goldman Sachs Group reissued a “sell” rating on shares of Svenska Handelsbanken Ab Publ in a report on Monday, July 20th. One research analyst has rated the stock with a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Strong Sell”.

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About Svenska Handelsbanken Ab Publ

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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.

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