Swedbank AB (OTCMKTS:SWDBY) Short Interest Update

Swedbank AB (OTCMKTS:SWDBY) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 31,492 shares, a drop of 20.5% from the March 15th total of 39,588 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 90,311 shares, the days-to-cover ratio is currently 0.3 days.

Swedbank Stock Performance

Shares of Swedbank stock opened at SEK 36.29 on Friday. The business has a 50-day moving average of SEK 36.67 and a 200 day moving average of SEK 34.46. Swedbank has a 12 month low of SEK 21.84 and a 12 month high of SEK 40.58. The stock has a market capitalization of $40.84 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 5.49 and a beta of 0.72. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.51 and a quick ratio of 1.50.

Swedbank (OTCMKTS:SWDBY) last announced its earnings results on Thursday, January 29th. The financial services provider reported SEK 0.77 EPS for the quarter, beating analysts’ consensus estimates of SEK 0.67 by SEK 0.10. Swedbank had a return on equity of 15.50% and a net margin of 30.27%.The company had revenue of SEK 1.84 billion during the quarter, compared to analysts’ expectations of SEK 1.79 billion. As a group, sell-side analysts forecast that Swedbank will post 2.34 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SWDBY. Zacks Research cut Swedbank from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. Citigroup restated a “neutral” rating on shares of Swedbank in a report on Tuesday, January 20th. Finally, Morgan Stanley restated an “underweight” rating on shares of Swedbank in a report on Thursday, February 12th. Three research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

About Swedbank

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.