Short Interest in Swedbank AB (OTCMKTS:SWDBY) Rises By 104.5%

Swedbank AB (OTCMKTS:SWDBY) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 39,588 shares, a growth of 104.5% from the February 26th total of 19,358 shares. Based on an average daily trading volume, of 66,979 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the shares of the company are sold short.

Swedbank Price Performance

Shares of OTCMKTS SWDBY opened at SEK 32.43 on Friday. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.50 and a current ratio of 1.51. The firm has a fifty day moving average of SEK 37.73 and a 200 day moving average of SEK 33.91. The firm has a market cap of $36.49 billion, a PE ratio of 10.96, a PEG ratio of 4.76 and a beta of 0.69. Swedbank has a one year low of SEK 19.16 and a one year high of SEK 40.58.

Swedbank (OTCMKTS:SWDBY) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported SEK 0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of SEK 0.67 by SEK 0.10. Swedbank had a net margin of 30.27% and a return on equity of 15.50%. The business had revenue of SEK 1.84 billion for the quarter, compared to the consensus estimate of SEK 1.79 billion. As a group, research analysts predict that Swedbank will post 2.34 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Zacks Research raised shares of Swedbank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a research note on Thursday, February 12th. Citigroup restated a “neutral” rating on shares of Swedbank in a research report on Tuesday, January 20th. The Goldman Sachs Group lowered Swedbank from a “hold” rating to a “sell” rating in a research note on Thursday, December 4th. Finally, Barclays reaffirmed an “underweight” rating on shares of Swedbank in a report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.