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

Swedbank AB (publ) (OTCMKTS:SWDBY) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 4,500 shares, a drop of 78.9% from the February 28th total of 21,300 shares. Based on an average daily volume of 39,200 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Barclays lowered shares of Swedbank AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Monday, February 3rd.

Swedbank AB (publ) Stock Down 1.9 %

OTCMKTS:SWDBY traded down SEK 0.51 during trading hours on Wednesday, hitting SEK 25.71. 35,971 shares of the company traded hands, compared to its average volume of 23,242. Swedbank AB has a one year low of SEK 18.52 and a one year high of SEK 26.56. The company has a market cap of $28.93 billion, a PE ratio of 8.77, a PEG ratio of 0.93 and a beta of 0.93. The firm’s 50-day simple moving average is SEK 23.75 and its 200-day simple moving average is SEK 21.45. The company has a quick ratio of 1.50, a current ratio of 1.52 and a debt-to-equity ratio of 3.63.

Swedbank AB (publ) (OTCMKTS:SWDBY) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported SEK 0.70 earnings per share for the quarter. Swedbank AB (publ) had a net margin of 23.64% and a return on equity of 16.95%. Equities analysts predict that Swedbank AB will post 2.34 earnings per share for the current year.

Swedbank AB (publ) Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, April 14th. Investors of record on Friday, March 28th will be paid a dividend of $1.9773 per share. This is a boost from Swedbank AB (publ)’s previous dividend of $1.48. The ex-dividend date of this dividend is Friday, March 28th. Swedbank AB (publ)’s dividend payout ratio is presently 46.08%.

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.