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

Swedbank AB (publ) (OTCMKTS:SWDBY) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 4,500 shares, a drop of 78.9% from the February 28th total of 21,300 shares. Based on an average trading volume of 39,200 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Swedbank AB (publ) Trading Down 0.6 %

Shares of OTCMKTS:SWDBY traded down SEK 0.15 on Friday, reaching SEK 25.57. 34,300 shares of the company traded hands, compared to its average volume of 23,431. The stock has a market capitalization of $28.77 billion, a P/E ratio of 8.73, a price-to-earnings-growth ratio of 0.93 and a beta of 0.93. The business’s 50-day simple moving average is SEK 23.94 and its 200 day simple moving average is SEK 21.51. The company has a current ratio of 1.52, a quick ratio of 1.50 and a debt-to-equity ratio of 3.63. Swedbank AB has a 52 week low of SEK 18.52 and a 52 week high of SEK 26.56.

Swedbank AB (publ) (OTCMKTS:SWDBY) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported SEK 0.70 earnings per share (EPS) for the quarter. Swedbank AB (publ) had a return on equity of 16.95% and a net margin of 23.64%. As a group, equities analysts anticipate that Swedbank AB will post 2.34 EPS for the current fiscal year.

Swedbank AB (publ) Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, April 14th. Investors of record on Friday, March 28th will be paid a $1.9773 dividend. This is an increase from Swedbank AB (publ)’s previous dividend of $1.48. The ex-dividend date of this dividend is Friday, March 28th. Swedbank AB (publ)’s payout ratio is presently 46.08%.

Wall Street Analyst Weigh In

Separately, Barclays lowered shares of Swedbank AB (publ) from a “hold” rating to a “strong sell” rating in a report on Monday, February 3rd.

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.