Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Short Interest Down 98.2% in March

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

Svenska Handelsbanken AB (publ) Stock Performance

Shares of SVNLY stock traded down $0.13 during midday trading on Wednesday, hitting $6.50. The company had a trading volume of 133,362 shares, compared to its average volume of 108,403. The stock has a market cap of $25.74 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 1.94 and a beta of 0.87. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.17 and a quick ratio of 2.08. The company’s 50 day simple moving average is $6.03 and its 200 day simple moving average is $5.42. Svenska Handelsbanken AB has a 52-week low of $4.24 and a 52-week high of $6.70.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last issued its quarterly earnings results 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 return on equity of 13.62% and a net margin of 14.89%. Research analysts anticipate 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 announced a dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, March 28th will be issued a $0.7123 dividend. This is an increase from Svenska Handelsbanken AB (publ)’s previous dividend of $0.63. The ex-dividend date is 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.