Short Interest in Swedbank AB (OTCMKTS:SWDBY) Drops By 34.7%

Swedbank AB (OTCMKTS:SWDBY) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 19,981 shares, a decrease of 34.7% from the June 15th total of 30,580 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 75,614 shares, the short-interest ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SWDBY shares. Zacks Research lowered Swedbank from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a report on Wednesday, June 24th. Finally, Citigroup reiterated a “neutral” rating on shares of Swedbank in a research report on Tuesday, July 7th. Two analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Swedbank currently has a consensus rating of “Strong Sell”.

Swedbank Trading Down 3.2%

Shares of OTCMKTS:SWDBY opened at SEK 37.34 on Friday. The stock has a market capitalization of $41.98 billion, a P/E ratio of 12.66, a P/E/G ratio of 1.97 and a beta of 0.69. Swedbank has a 1-year low of SEK 25.58 and a 1-year high of SEK 40.58. The business has a 50-day moving average price of SEK 36.62 and a two-hundred day moving average price of SEK 36.63.

Swedbank (OTCMKTS:SWDBY) last issued its earnings results on Friday, July 17th. The financial services provider reported SEK 0.68 earnings per share (EPS) for the quarter. Swedbank had a net margin of 30.22% and a return on equity of 15.02%. The company had revenue of SEK 1.93 billion for the quarter. As a group, equities analysts predict that Swedbank will post 2.97 EPS for the current year.

Swedbank Company Profile

Swedbank AB is a major Swedish banking group headquartered in Stockholm that provides a broad range of financial services to retail, corporate and institutional clients. The bank’s operations focus on traditional banking functions such as deposit-taking, lending and payment services, as well as wealth management and insurance solutions. Swedbank’s franchise is centered on serving households, small and medium-sized enterprises and larger corporate customers, with an emphasis on everyday banking and long-term client relationships.

Products and services offered by Swedbank include savings and current accounts, mortgages and consumer lending, business loans and transaction banking, payment and card services, and digital banking platforms.