Swedbank AB (publ) (OTCMKTS:SWDBY) Short Interest Up 180.3% in December

Swedbank AB (publ) (OTCMKTS:SWDBY) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 52,700 shares, an increase of 180.3% from the December 15th total of 18,800 shares. Based on an average trading volume of 89,400 shares, the short-interest ratio is presently 0.6 days.

Swedbank AB (publ) Stock Performance

Shares of SWDBY traded up SEK 0.33 during mid-day trading on Thursday, hitting SEK 20.97. 19,800 shares of the company’s stock were exchanged, compared to its average volume of 33,040. Swedbank AB has a fifty-two week low of SEK 18.52 and a fifty-two week high of SEK 22.84. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.50 and a quick ratio of 1.50. The business’s 50 day moving average is SEK 19.86 and its two-hundred day moving average is SEK 20.39.

Swedbank AB (publ) (OTCMKTS:SWDBY) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported SEK 0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of SEK 0.68 by SEK 0.12. The firm had revenue of SEK 3.37 billion during the quarter. Swedbank AB (publ) had a net margin of 25.27% and a return on equity of 17.38%. On average, analysts expect that Swedbank AB will post 2.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of Swedbank AB (publ) to a “hold” rating in a research report on Friday, September 27th.

About Swedbank AB (publ)

Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.