Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Get Rating) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 2,000 shares, a decline of 50.0% from the August 15th total of 4,000 shares. Based on an average daily trading volume, of 636,600 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

SVNLY has been the topic of several research reports. Barclays upped their price target on Svenska Handelsbanken AB (publ) from SEK 101 to SEK 104 in a report on Friday, September 2nd. Deutsche Bank Aktiengesellschaft downgraded Svenska Handelsbanken AB (publ) from a "buy" rating to a "hold" rating in a report on Friday, July 29th. Finally, Credit Suisse Group dropped their price target on Svenska Handelsbanken AB (publ) to SEK 86 in a research note on Tuesday, July 19th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $103.63.

Svenska Handelsbanken AB (publ) Stock Up 0.7 %

Shares of SVNLY traded up $0.03 during trading hours on Wednesday, reaching $4.20. The company's stock had a trading volume of 145,734 shares, compared to its average volume of 345,752. The company has a 50 day moving average of $4.23 and a two-hundred day moving average of $4.55. 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 firm has a market cap of $16.63 billion, a price-to-earnings ratio of 7.45, a P/E/G ratio of 2.37 and a beta of 0.85. Svenska Handelsbanken AB has a 1-year low of $3.91 and a 1-year high of $13.95.

About Svenska Handelsbanken AB (publ)

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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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