Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Sees Significant Drop in Short Interest

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 7,600 shares, a drop of 40.2% from the September 30th total of 12,700 shares. Based on an average trading volume of 205,900 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

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

Svenska Handelsbanken AB (publ) Trading Up 1.4 %

Shares of OTCMKTS SVNLY traded up $0.07 during mid-day trading on Friday, reaching $5.21. 45,359 shares of the company’s stock were exchanged, compared to its average volume of 197,109. The company’s 50-day moving average is $5.02 and its 200-day moving average is $4.82. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. The firm has a market capitalization of $19.25 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 1.31 and a beta of 0.86. Svenska Handelsbanken AB has a 52-week low of $4.12 and a 52-week high of $6.01.

About Svenska Handelsbanken AB (publ)

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.