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

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

Svenska Handelsbanken AB (publ) Stock Up 1.2 %

Svenska Handelsbanken AB (publ) stock traded up $0.08 during midday trading on Friday, reaching $6.53. The stock had a trading volume of 115,447 shares, compared to its average volume of 127,080. The company has a fifty day moving average price of $6.05 and a two-hundred day moving average price of $5.57. The company has a market capitalization of $25.86 billion, a P/E ratio of 10.05, a PEG ratio of 1.94 and a beta of 0.81. The company has a current ratio of 2.17, a quick ratio of 2.08 and a debt-to-equity ratio of 0.18. Svenska Handelsbanken AB has a 12 month low of $4.24 and a 12 month high of $6.70.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.15 earnings per share for the quarter, hitting analysts' consensus estimates of $0.15. Svenska Handelsbanken AB (publ) had a return on equity of 13.62% and a net margin of 14.89%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.47 billion. As a group, equities analysts expect that Svenska Handelsbanken AB will post 0.54 EPS for the current fiscal year.

Svenska Handelsbanken AB (publ) Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, April 17th. Stockholders of record on Friday, March 28th were issued 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 of this dividend was Friday, March 28th. Svenska Handelsbanken AB (publ)'s dividend payout ratio (DPR) is currently 92.19%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SVNLY. HSBC downgraded shares of Svenska Handelsbanken AB (publ) from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. 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.

Svenska Handelsbanken AB (publ) Company Profile

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.