Short Interest in Swedbank AB (publ) (OTCMKTS:SWDBY) Grows By 180.3%

Swedbank AB (publ) (OTCMKTS:SWDBY) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 52,700 shares, an increase of 180.3% from the December 15th total of 18,800 shares. Based on an average daily trading volume, of 89,400 shares, the short-interest ratio is presently 0.6 days.

Swedbank AB (publ) Stock Up 1.6 %

SWDBY traded up SEK 0.33 during trading on Thursday, hitting SEK 20.97. 19,800 shares of the stock traded hands, compared to its average volume of 33,040. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 4.28. The firm has a 50-day moving average of SEK 19.86 and a 200 day moving average of SEK 20.39. Swedbank AB has a 12-month low of SEK 18.52 and a 12-month high of SEK 22.84.

Swedbank AB (publ) (OTCMKTS:SWDBY) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported SEK 0.80 EPS for the quarter, topping the consensus estimate of SEK 0.68 by SEK 0.12. Swedbank AB (publ) had a net margin of 25.27% and a return on equity of 17.38%. The firm had revenue of SEK 3.37 billion during the quarter. Research analysts anticipate that Swedbank AB will post 2.6 earnings per share for the current 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.