Swedbank AB (OTCMKTS:SWDBY) Sees Large Drop in Short Interest

by · The Markets Daily

Swedbank AB (OTCMKTS:SWDBY – Get Free Report) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 28,770 shares, a decrease of 37.5% from the September 30th total of 46,031 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 67,735 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SWDBY shares. Citigroup reiterated a “neutral” rating on shares of Swedbank in a report on Monday, October 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Swedbank in a research note on Wednesday, September 16th. The Goldman Sachs Group upgraded Swedbank from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Barclays raised Swedbank from a “cautious” rating to an “overweight” rating in a research note on Friday, October 9th. Finally, Zacks Research lowered Swedbank from a “hold” rating to a “strong sell” rating in a research note on Friday, September 11th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Swedbank presently has an average rating of “Hold”.

Read Our Latest Stock Report on Swedbank

Swedbank Price Performance

Shares of Swedbank stock opened at SEK 39.89 on Wednesday. The company has a fifty day moving average price of SEK 40.14 and a 200 day moving average price of SEK 37.94. Swedbank has a twelve month low of SEK 29.80 and a twelve month high of SEK 42.36. The stock has a market cap of $44.85 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 2.88 and a beta of 0.69. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.25.

Swedbank (OTCMKTS:SWDBY – Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The financial services provider reported SEK 0.76 EPS for the quarter, topping analysts’ consensus estimates of SEK 0.73 by SEK 0.03. Swedbank had a return on equity of 14.76% and a net margin of 28.94%. The company had revenue of SEK 1.86 billion during the quarter. Equities research analysts forecast that Swedbank will post 2.74 earnings per share for the current fiscal year.

Swedbank Company Profile

(Get Free Report)

Swedbank AB is a Swedish banking group that provides financial services to private individuals, businesses and institutional customers. Its main activities include deposit accounts, consumer and mortgage lending, business financing, payment services, card products, investment services and insurance-related offerings.

The bank serves customers primarily in Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Through its digital channels, branches and other distribution networks, Swedbank offers everyday banking, savings and investment products, as well as services for corporate cash management, payments and capital financing.

Swedbank’s history is rooted in Sweden’s savings-bank movement, which dates back to the early 19th century.

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