Short Interest in Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Declines By 74.6%

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) was the recipient of a large decline in short interest in May. As of May 31st, there was short interest totalling 38,700 shares, a decline of 74.6% from the May 15th total of 152,100 shares. Based on an average daily volume of 304,600 shares, the days-to-cover ratio is presently 0.1 days.

Svenska Handelsbanken AB (publ) Stock Performance

Shares of Svenska Handelsbanken AB (publ) stock remained flat at $4.71 during midday trading on Friday. The company had a trading volume of 80,366 shares, compared to its average volume of 238,444. Svenska Handelsbanken AB has a 52 week low of $4.02 and a 52 week high of $6.01. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm has a market cap of $18.65 billion, a PE ratio of 6.83, a P/E/G ratio of 1.45 and a beta of 0.85. The firm has a 50-day moving average price of $4.65 and a 200 day moving average price of $5.13.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $1.41 billion during the quarter. Svenska Handelsbanken AB (publ) had a return on equity of 13.93% and a net margin of 15.61%. Equities research analysts forecast that Svenska Handelsbanken AB will post 0.57 EPS for the current year.

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.