Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Short Interest Up 1,791.5% in November

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 88,900 shares, an increase of 1,791.5% from the October 31st total of 4,700 shares. Based on an average daily volume of 389,000 shares, the days-to-cover ratio is presently 0.2 days.

Svenska Handelsbanken AB (publ) Stock Performance

Shares of SVNLY traded up $0.08 during trading hours on Thursday, hitting $5.05. The stock had a trading volume of 97,061 shares, compared to its average volume of 195,409. Svenska Handelsbanken AB has a 12-month low of $4.24 and a 12-month high of $6.01. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The company’s fifty day simple moving average is $5.03 and its 200 day simple moving average is $4.90.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $1.45 billion for the quarter. Svenska Handelsbanken AB (publ) had a return on equity of 13.64% and a net margin of 14.66%. On average, equities analysts forecast that Svenska Handelsbanken AB will post 0.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of Svenska Handelsbanken AB (publ) to a “strong sell” rating in a research report on Friday, September 27th.

Svenska Handelsbanken AB (publ) Company Profile

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.