Short Interest in Swedbank AB (publ) (OTCMKTS:SWDBY) Rises By 2,866.7%

Swedbank AB (publ) (OTCMKTS:SWDBY) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 8,900 shares, a growth of 2,866.7% from the October 15th total of 300 shares. Based on an average trading volume of 56,200 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

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

Swedbank AB (publ) Price Performance

Shares of Swedbank AB (publ) stock traded up SEK 0.15 during midday trading on Tuesday, hitting SEK 20.21. The company’s stock had a trading volume of 38,800 shares, compared to its average volume of 16,055. Swedbank AB has a 1-year low of SEK 16.63 and a 1-year high of SEK 22.84. The company has a debt-to-equity ratio of 4.52, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a 50-day simple moving average of SEK 20.64 and a 200-day simple moving average of SEK 20.53.

Swedbank AB (publ) (OTCMKTS:SWDBY) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported SEK 0.80 earnings per share (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 17.72% and a net margin of 25.27%. The firm had revenue of SEK 3.37 billion during the quarter. As a group, equities research analysts predict that Swedbank AB will post 2.65 EPS for the current year.

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.