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

Swedbank AB (publ) (OTCMKTS:SWDBYGet Free Report) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 7,300 shares, a growth of 356.3% from the April 30th total of 1,600 shares. Based on an average trading volume of 24,600 shares, the days-to-cover ratio is currently 0.3 days.

Swedbank AB (publ) Stock Down 2.0 %

Shares of OTCMKTS SWDBY traded down SEK 0.41 during mid-day trading on Wednesday, reaching SEK 20.10. 14,400 shares of the company were exchanged, compared to its average volume of 12,626. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.59. The stock has a market cap of $22.75 billion, a price-to-earnings ratio of 7.00, a P/E/G ratio of 0.82 and a beta of 0.96. Swedbank AB has a 1 year low of SEK 15.17 and a 1 year high of SEK 22.84. The firm has a 50-day moving average of SEK 20.09 and a 200 day moving average of SEK 20.01.

Swedbank AB (publ) (OTCMKTS:SWDBYGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported SEK 0.72 EPS for the quarter. Swedbank AB (publ) had a return on equity of 18.67% and a net margin of 26.65%. The company had revenue of SEK 1.74 billion during the quarter. On average, research analysts expect that Swedbank AB will post 2.25 earnings per share for the current year.

Swedbank AB (publ) Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $1.4797 dividend. The ex-dividend date was Wednesday, March 27th. This is a boost from Swedbank AB (publ)’s previous dividend of $0.76. Swedbank AB (publ)’s dividend payout ratio (DPR) is 33.11%.

Wall Street Analyst Weigh In

Separately, Barclays downgraded Swedbank AB (publ) from an “overweight” rating to an “equal weight” rating in a research report on Friday, May 24th.

View Our Latest Stock Analysis on SWDBY

About Swedbank AB (publ)

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Swedbank AB (publ) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Swedbank AB (publ) and related companies with MarketBeat.com's FREE daily email newsletter.