Swedbank AB (publ) (OTCMKTS:SWDBY) Short Interest Update

Swedbank AB (publ) (OTCMKTS:SWDBY) was the target of a large drop in short interest in December. As of December 15th, there was short interest totalling 18,800 shares, a drop of 56.9% from the November 30th total of 43,600 shares. Based on an average daily trading volume, of 87,900 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Swedbank AB (publ) to a “hold” rating in a research report on Friday, September 27th.

Swedbank AB (publ) Trading Up 0.8 %

Shares of SWDBY stock opened at SEK 19.82 on Friday. The company has a market cap of $22.44 billion, a PE ratio of 6.79, a price-to-earnings-growth ratio of 0.69 and a beta of 0.92. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.50 and a quick ratio of 1.50. The stock’s 50 day simple moving average is SEK 19.90 and its two-hundred day simple moving average is SEK 20.42. Swedbank AB has a 1 year low of SEK 18.52 and a 1 year high of SEK 22.84.

Swedbank AB (publ) (OTCMKTS:SWDBY) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported SEK 0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of SEK 0.68 by SEK 0.12. Swedbank AB (publ) had a return on equity of 17.38% and a net margin of 25.27%. The firm had revenue of SEK 3.37 billion during the quarter. Research analysts predict that Swedbank AB will post 2.65 earnings per share for the current year.

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.