Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Get Rating) was the target of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 4,000 shares, a decrease 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 currently 0.0 days.

Svenska Handelsbanken AB (publ) Trading Down 2.3 %

OTCMKTS:SVNLY opened at $4.07 on Friday. Svenska Handelsbanken AB has a 12 month low of $3.93 and a 12 month high of $13.95. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $15.83 billion, a price-to-earnings ratio of 7.27, a PEG ratio of 0.27 and a beta of 0.83. The firm has a fifty day simple moving average of $4.29 and a two-hundred day simple moving average of $4.64.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SVNLY shares. Barclays lifted their target price on Svenska Handelsbanken AB (publ) from SEK 104 to SEK 115 in a report on Thursday, May 12th. Deutsche Bank Aktiengesellschaft cut Svenska Handelsbanken AB (publ) from a "buy" rating to a "hold" rating in a report on Friday, July 29th. Finally, Credit Suisse Group lowered their price target on shares of Svenska Handelsbanken AB (publ) to SEK 86 in a report on Tuesday, July 19th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $105.00.

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, 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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