Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Sees Large Growth in Short Interest

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 59,400 shares, an increase of 4,469.2% from the March 15th total of 1,300 shares. Based on an average daily trading volume, of 176,700 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Svenska Handelsbanken AB (publ) Price Performance

Shares of Svenska Handelsbanken AB (publ) stock traded up $0.25 on Monday, hitting $5.55. The company’s stock had a trading volume of 416,082 shares, compared to its average volume of 124,260. The company has a market capitalization of $21.98 billion, a P/E ratio of 8.54, a price-to-earnings-growth ratio of 1.94 and a beta of 0.81. Svenska Handelsbanken AB has a 52-week low of $4.24 and a 52-week high of $6.70. The firm has a fifty day moving average price of $6.04 and a 200-day moving average price of $5.46. The company has a quick ratio of 2.08, a current ratio of 2.17 and a debt-to-equity ratio of 0.18.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. Svenska Handelsbanken AB (publ) had a net margin of 14.89% and a return on equity of 13.62%. On average, equities research analysts expect that Svenska Handelsbanken AB will post 0.54 earnings per share for the current fiscal year.

Svenska Handelsbanken AB (publ) Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, March 28th will be given a dividend of $0.7123 per share. This is an increase from Svenska Handelsbanken AB (publ)’s previous dividend of $0.63. The ex-dividend date of this dividend is Friday, March 28th. Svenska Handelsbanken AB (publ)’s dividend payout ratio (DPR) is presently 90.77%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Hsbc Global Res cut shares of Svenska Handelsbanken AB (publ) from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. HSBC cut Svenska Handelsbanken AB (publ) from a “buy” rating to a “hold” rating in a report on Friday, April 4th.

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.