Short Interest in Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Increases By 69.2%

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 100,500 shares, a growth of 69.2% from the March 31st total of 59,400 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 385,600 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

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

Svenska Handelsbanken AB (publ) Stock Performance

Svenska Handelsbanken AB (publ) stock opened at $6.11 on Wednesday. Svenska Handelsbanken AB has a fifty-two week low of $4.24 and a fifty-two week high of $6.70. The firm’s fifty day moving average price is $6.03 and its 200-day moving average price is $5.53. The stock has a market cap of $24.20 billion, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 1.94 and a beta of 0.81. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.08 and a current ratio of 2.17.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last issued its earnings results on Wednesday, February 5th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates 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 company also recently disclosed a dividend, which was paid on Thursday, April 17th. Shareholders of record on Friday, March 28th were given a dividend of $0.7123 per share. This is a boost from Svenska Handelsbanken AB (publ)’s previous dividend of $0.63. The ex-dividend date was Friday, March 28th. Svenska Handelsbanken AB (publ)’s payout ratio is presently 90.77%.

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.