Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Get Rating) saw 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 volume of 1,124,900 shares, the day-to-cover ratio is currently 0.0 day.
SVNLY lost $0.01 on Friday, hitting $5.10. The company had a trading volume of 169,003 shares, compared to an average volume of 303,099. Svenska Handelsbanken AB has a 52-week low of $4.20 and a 52-week high of $13.95. The company has a market capitalization of $19.84 billion, a P/E ratio of 10.41, a P/E/G ratio of 0.41 and a beta of 0.79. The stock has a fifty-day simple moving average of $4.83 and a 200-day simple moving average of $5.22.
The company also recently announced a dividend, which was paid on Thursday, April 14. Shareholders of record on Friday, March 25 received a dividend of $0.1902. This represents a yield of 6.83%. The ex-dividend date was Thursday, March 24. The dividend payout ratio (DPR) of Svenska Handelsbanken AB (publ) is currently 38.78%.
A number of research analysts have recently published reports on SVNLY shares. Danske upgraded Svenska Handelsbanken AB (publ) from a “hold” rating to a “buy” rating and set a price target of SEK 115 for the company in a Friday, April 8 report. Deutsche Bank Aktiengesellschaft lowered its price target on Svenska Handelsbanken AB (publ) from SEK 118 to SEK 108 and set a “buy” rating for the company in a Wednesday, April 6 report. JPMorgan Chase & Co. lowered its price target on 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. Barclays raised its price target on Svenska Handelsbanken AB (publ) from SEK 104 to SEK 115 in a Thursday May 12 research note. Finally, Credit Suisse Group downgraded Svenska Handelsbanken AB (publ) from a “neutral” rating to an “underperforming” rating in a research report on Friday. Four equity research analysts gave the stock a sell rating, three gave the stock a hold rating and seven gave the stock a buy rating. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $106.88.
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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