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

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

Swedbank Price Performance

Shares of OTCMKTS:SWDBY opened at SEK 41.68 on Friday. Swedbank has a 12 month low of SEK 29.80 and a 12 month high of SEK 42.36. The firm has a market capitalization of $46.86 billion, a P/E ratio of 14.13, 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. The company’s fifty day moving average price is SEK 39.84 and its 200 day moving average price is SEK 37.36.

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 company had revenue of SEK 1.93 billion during the quarter. Swedbank had a net margin of 29.45% and a return on equity of 14.84%. As a group, sell-side analysts predict that Swedbank will post 2.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Swedbank Company Profile

Swedbank AB is a Swedish banking group that provides financial services to private individuals, businesses and institutional customers. Its principal activities include accepting deposits, providing mortgages and other lending products, facilitating payments, and offering savings, investment and insurance services.

The bank serves customers primarily in Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Through its digital and branch-based channels, Swedbank offers everyday banking, personal finance products, corporate banking, cash management and financial advice.