Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Get Rating) saw a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 4,000 shares, a decline of 89.1% from the July 31st total of 36,600 shares. Based on an average daily volume of 629,400 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

A number of research firms have recently weighed in on SVNLY. Deutsche Bank Aktiengesellschaft downgraded shares of Svenska Handelsbanken AB (publ) from a "buy" rating to a "hold" rating in a research report on Friday, July 29th. Credit Suisse Group lowered their target price on Svenska Handelsbanken AB (publ) to SEK 86 in a research note on Tuesday, July 19th. Finally, Barclays boosted their target price on Svenska Handelsbanken AB (publ) from SEK 104 to SEK 115 in a research note on Thursday, May 12th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Svenska Handelsbanken AB (publ) has a consensus rating of "Hold" and a consensus price target of $105.00.

Svenska Handelsbanken AB (publ) Stock Down 2.3 %

SVNLY stock opened at $4.07 on Friday. Svenska Handelsbanken AB has a twelve month low of $3.93 and a twelve month high of $13.95. The firm has a market capitalization of $15.83 billion, a PE ratio of 7.27, a PEG ratio of 0.27 and a beta of 0.83. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.21. The stock has a 50-day simple moving average of $4.29 and a two-hundred day simple moving average of $4.64.

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, China, Germany, France, 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.

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