Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Short Interest Update

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY - Get Free Report) saw a large increase in short interest in the month of 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. Approximately 0.0% of the company's shares are sold short. Based on an average trading volume of 176,700 shares, the days-to-cover ratio is presently 0.3 days.

Svenska Handelsbanken AB (publ) Stock Performance

SVNLY stock traded up $0.17 during midday trading on Friday, reaching $5.85. The stock had a trading volume of 65,353 shares, compared to its average volume of 123,397. The firm has a fifty day simple moving average of $6.04 and a two-hundred day simple moving average of $5.48. Svenska Handelsbanken AB has a 52-week low of $4.24 and a 52-week high of $6.70. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.08 and a current ratio of 2.17. The stock has a market cap of $23.17 billion, a PE ratio of 9.00, a P/E/G ratio of 1.94 and a beta of 0.81.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.17 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%. As a group, equities research analysts anticipate that Svenska Handelsbanken AB will post 0.54 EPS for the current year.

Svenska Handelsbanken AB (publ) Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, April 17th. Shareholders of record on Friday, March 28th were paid a dividend of $0.7123 per share. The ex-dividend date of this dividend was Friday, March 28th. This is a positive change from Svenska Handelsbanken AB (publ)'s previous dividend of $0.63. Svenska Handelsbanken AB (publ)'s dividend payout ratio (DPR) is presently 90.77%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SVNLY. HSBC downgraded Svenska Handelsbanken AB (publ) from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Hsbc Global Res cut Svenska Handelsbanken AB (publ) from a "strong-buy" rating to a "hold" rating in a research 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.