Swedbank AB (publ) (OTCMKTS:SWDBY) Short Interest Update

Swedbank AB (publ) (OTCMKTS:SWDBY) was the target of a significant drop in short interest in May. As of May 31st, there was short interest totalling 17,200 shares, a drop of 52.9% from the May 15th total of 36,500 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 47,900 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SWDBY shares. Hsbc Global Res lowered shares of Swedbank AB (publ) from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Citigroup downgraded Swedbank AB (publ) from a “strong-buy” rating to a “hold” rating in a report on Monday, March 31st. Finally, UBS Group downgraded Swedbank AB (publ) from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 6th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, Swedbank AB (publ) currently has a consensus rating of “Hold”.

Swedbank AB (publ) Stock Performance

Shares of SWDBY opened at SEK 26.01 on Monday. Swedbank AB has a 52 week low of SEK 18.71 and a 52 week high of SEK 27.60. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.50 and a current ratio of 1.52. The company has a market capitalization of $29.27 billion, a PE ratio of 8.88, a PEG ratio of 0.93 and a beta of 0.80. The company’s 50 day moving average price is SEK 24.89 and its 200 day moving average price is SEK 23.14.

Swedbank AB (publ) (OTCMKTS:SWDBY) last posted its quarterly earnings results on Tuesday, April 29th. The financial services provider reported SEK 0.68 earnings per share for the quarter. Swedbank AB (publ) had a net margin of 23.64% and a return on equity of 16.95%. The business had revenue of SEK 1.62 billion for the quarter. Research analysts expect that Swedbank AB will post 2.34 EPS for the current fiscal year.

About Swedbank AB (publ)

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.