Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Sees Significant Decrease in Short Interest

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 1,300 shares, a decline of 98.2% from the February 28th total of 73,000 shares. Based on an average daily trading volume, of 193,200 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Svenska Handelsbanken AB (publ) Price Performance

Shares of OTCMKTS SVNLY traded up $0.01 on Friday, hitting $6.51. The company’s stock had a trading volume of 182,414 shares, compared to its average volume of 109,678. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.17 and a quick ratio of 2.08. Svenska Handelsbanken AB has a 12-month low of $4.24 and a 12-month high of $6.70. The company has a market capitalization of $25.78 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. The stock has a 50 day moving average of $6.07 and a 200-day moving average of $5.43.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.17 earnings per share for the quarter, topping 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, research analysts predict that Svenska Handelsbanken AB will post 0.54 EPS for the current year.

Svenska Handelsbanken AB (publ) Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, March 28th will be paid a $0.7123 dividend. This is a boost 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 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.