Swedish Match AB (publ) (OTCMKTS:SWMAY) Short Interest Up 875.0% in May

Swedish Match AB (publ) (OTCMKTS:SWMAY) was the recipient of a large increase in short interest during the month of May. As of May 28th, there was short interest totalling 11,700 shares, an increase of 875.0% from the May 13th total of 1,200 shares. Based on an average trading volume of 102,500 shares, the days-to-cover ratio is currently 0.1 days.

A number of equities research analysts have commented on SWMAY shares. Barclays reissued an “overweight” rating on shares of Swedish Match AB (publ) in a report on Wednesday, May 12th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Swedish Match AB (publ) in a research note on Tuesday, May 4th. AlphaValue lowered shares of Swedish Match AB (publ) to a “buy” rating in a research note on Wednesday, May 19th. Zacks Investment Research lowered shares of Swedish Match AB (publ) from a “buy” rating to a “hold” rating in a research note on Saturday, May 29th. Finally, UBS Group reaffirmed a “buy” rating on shares of Swedish Match AB (publ) in a research note on Tuesday, February 23rd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $10.00.

Swedish Match AB (publ) stock traded down $0.01 during midday trading on Friday, hitting $9.42. 20,433 shares of the stock were exchanged, compared to its average volume of 119,573. The firm has a fifty day moving average price of $27.56. Swedish Match AB has a 52 week low of $6.64 and a 52 week high of $9.51. The stock has a market capitalization of $14.88 billion and a PE ratio of 24.40.

The company also recently disclosed a dividend, which was paid on Wednesday, May 5th. Investors of record on Thursday, April 15th were paid a dividend of $0.9036 per share. This represents a yield of 2.33%. The ex-dividend date was Wednesday, April 14th. Swedish Match AB (publ)’s payout ratio is 40.00%.

About Swedish Match AB (publ)

Swedish Match AB (publ) develops, manufactures, markets, and sells snus and moist snuff, lights, and other tobacco products in Scandinavia, the United States, and internationally. The company operates through Smokefree, Cigars, and Lights segments. It provides snus and pouch products, nicotine pouches, and moist snuff under the General, Göteborgs Rapé, Kaliber, Kronan, Ettan, Grov, Catch, G.3, The Lab, Nick & Johnny, ZYN, G.4, Onico, Longhorn, and Timber Wolf brand names.

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