Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) sees sharp increase in short-term interest

Svenska Handelsbanken AB (publ) (OTCMKTS: SVNLY – Get a rating) benefited from a significant increase in short-term interest in May. As of May 15, there was short interest totaling 40,700 shares, an increase of 113.1% from the April 30 total of 19,100 shares. Based on an average daily trading volume of 1,124,900 shares, the short-term interest rate ratio is currently 0.0 day.

SVNLY stock fell $0.01 on Friday, hitting $5.10. The company’s shares had a trading volume of 169,003 shares, compared to an average volume of 303,099. The company has a 50-day moving average of $4.83 and a two-hundred-day moving average of 5.22 $. Svenska Handelsbanken AB has a 1 year minimum of $4.20 and a 1 year maximum of $13.95. The stock has a market capitalization of $19.84 billion, a price-to-earnings ratio of 10.41, a growth price-to-earnings ratio of 0.41 and a beta of 0.79.

The company also recently declared a dividend, which was paid on Thursday, April 14. Investors of record on Friday, March 25 received a dividend of $0.1902. The ex-dividend date was Thursday, March 24. This represents a yield of 6.83%. The dividend payout ratio (DPR) of Svenska Handelsbanken AB (publ) is 38.78%.

Several equity analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered its price target on shares of Svenska Handelsbanken AB (publ) from SEK 100 to SEK 85 and set an “underweight” rating on the stock in a Monday, March 14 research note . Danske upgraded the shares of Svenska Handelsbanken AB (publ) from a “hold” rating to a “buy” rating and set a target price of SEK 115 on the stock in a Friday April 8 research note. Deutsche Bank Aktiengesellschaft reduced its price target on shares of Svenska Handelsbanken AB (publ) from SEK 118 to SEK 108 and placed a “buy” rating on the stock in a Wednesday April 6 research note. Barclays raised its price target on Svenska Handelsbanken AB (publ) shares from SEK 104 to SEK 115 in a Thursday May 12 research note. Finally, Credit Suisse Group downgraded shares of Svenska Handelsbanken AB (publ) from a “neutral” rating to an “underperforming” rating in a research rating on Friday. Four analysts have assigned the stock a sell rating, three have assigned a hold rating and seven have assigned the stock a buy rating. According to data from MarketBeat, Svenska Handelsbanken AB (publ) currently has an average rating of “Hold” and a consensus price target of $106.88.

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About Svenska Handelsbanken AB (publ) (Get a rating)

Svenska Handelsbanken AB (publ) provides various retail and corporate banking products and services mainly in Sweden, UK, Norway, Netherlands, USA, Luxembourg, China, Germany, France and in Poland. The company offers savings, transaction, business, currency and investment accounts, as well as cash, forestry and agriculture accounts; mortgage and pledge loans, and private loans; mutual fund; retirement products; credit and debit cards; and payment and reconciliation services.

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