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

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 73,000 shares, a decline of 19.9% from the February 13th total of 91,100 shares. Based on an average daily trading volume, of 254,400 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Svenska Handelsbanken AB (publ) Price Performance

SVNLY opened at $6.61 on Wednesday. The company’s 50-day simple moving average is $5.90 and its two-hundred day simple moving average is $5.37. Svenska Handelsbanken AB has a 52-week low of $4.24 and a 52-week high of $6.65. The stock has a market capitalization of $26.18 billion, a P/E ratio of 10.17, a P/E/G ratio of 1.94 and a beta of 0.87. 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 earnings per share (EPS) 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, analysts predict that Svenska Handelsbanken AB will post 0.54 EPS for the current year.

Svenska Handelsbanken AB (publ) Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, April 17th. Investors of record on Friday, March 28th will be given a dividend of $0.7123 per share. The ex-dividend date is Friday, March 28th. This is a boost from Svenska Handelsbanken AB (publ)’s previous dividend of $0.63. Svenska Handelsbanken AB (publ)’s dividend payout ratio is 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.