Short Interest in Swedbank AB (publ) (OTCMKTS:SWDBY) Drops By 56.9%

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

Swedbank AB (publ) Price Performance

Shares of OTCMKTS SWDBY traded up SEK 0.15 during mid-day trading on Friday, hitting SEK 19.82. 37,200 shares of the stock traded hands, compared to its average volume of 20,369. Swedbank AB has a twelve month low of SEK 18.52 and a twelve month high of SEK 22.84. The firm has a 50 day simple moving average of SEK 19.90 and a two-hundred day simple moving average of SEK 20.42. 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 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.

Swedbank AB (publ) (OTCMKTS:SWDBY) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported SEK 0.80 EPS for the quarter, beating 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 for the quarter. As a group, equities research analysts forecast that Swedbank AB will post 2.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Swedbank AB (publ) Company Profile

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.