Swedbank AB (OTCMKTS:SWDBY) Sees Significant Increase in Short Interest

Swedbank AB (OTCMKTS:SWDBY) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 34,113 shares, an increase of 151.7% from the August 31st total of 13,552 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 34,657 shares, the days-to-cover ratio is presently 1.0 days.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SWDBY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Swedbank in a research report on Wednesday, September 16th. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a research report on Tuesday, July 7th. Zacks Research lowered Swedbank from a “hold” rating to a “strong sell” rating in a report on Friday, September 11th. The Goldman Sachs Group raised Swedbank from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Morgan Stanley restated an “underweight” rating on shares of Swedbank in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Swedbank Price Performance

Shares of SWDBY stock opened at SEK 41.48 on Tuesday. The stock’s fifty day simple moving average is SEK 39.92 and its 200 day simple moving average is SEK 37.39. Swedbank has a one year low of SEK 29.80 and a one year high of SEK 42.36. The firm has a market cap of $46.63 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 3.18 and a beta of 0.68. The company has a debt-to-equity ratio of 4.25, a current ratio of 1.47 and a quick ratio of 1.47.

Swedbank (OTCMKTS:SWDBY) last released its quarterly earnings data on Friday, July 17th. The financial services provider reported SEK 0.68 earnings per share (EPS) for the quarter. The firm had revenue of SEK 1.93 billion during the quarter. Swedbank had a return on equity of 14.84% and a net margin of 29.45%. On average, analysts expect that Swedbank will post 2.81 earnings per share for the current fiscal year.

About Swedbank

Swedbank AB is a Sweden-based banking group that provides financial services to private customers, businesses, institutions and municipalities. Its offerings include deposit accounts, lending, mortgages, payment and card services, savings and investment products, insurance, corporate finance and other advisory services.

The company serves customers primarily in Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Swedbank operates through digital banking channels and a network of branches, with additional services provided through subsidiaries and partnerships.