Swedbank AB (OTCMKTS:SWDBY) Short Interest Update

Swedbank AB (OTCMKTS:SWDBY) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 13,552 shares, a decrease of 53.0% from the August 15th total of 28,815 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 62,125 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SWDBY. The Goldman Sachs Group upgraded Swedbank from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a research report on Wednesday, June 24th. Citigroup reiterated a “neutral” rating on shares of Swedbank in a research note on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Swedbank in a research report on Thursday, July 30th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce”.

Swedbank Price Performance

OTCMKTS SWDBY opened at SEK 40.30 on Tuesday. The stock has a market capitalization of $45.31 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 3.05 and a beta of 0.68. Swedbank has a 1-year low of SEK 29.21 and a 1-year high of SEK 41.16. 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 business’s fifty day moving average price is SEK 39.24 and its 200-day moving average price is SEK 37.13.

Swedbank (OTCMKTS:SWDBY) last issued its quarterly earnings data on Friday, July 17th. The financial services provider reported SEK 0.68 EPS for the quarter. The company had revenue of SEK 1.93 billion during the quarter. Swedbank had a return on equity of 14.84% and a net margin of 29.45%. On average, equities analysts predict that Swedbank will post 2.81 earnings per share for the current year.

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.