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

Swedbank AB (OTCMKTS:SWDBY) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 19,358 shares, an increase of 34.2% from the February 12th total of 14,429 shares. Based on an average trading volume of 30,578 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 30,578 shares, the days-to-cover ratio is presently 0.6 days.

Swedbank Stock Performance

Shares of SWDBY opened at SEK 35.03 on Monday. Swedbank has a 12-month low of SEK 19.16 and a 12-month high of SEK 40.58. The stock has a market cap of $39.42 billion, a P/E ratio of 11.83 and a beta of 0.69. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 3.42. The company has a 50-day moving average of SEK 37.90 and a two-hundred day moving average of SEK 33.50.

Swedbank (OTCMKTS:SWDBY) last issued its quarterly earnings data on Thursday, January 29th. The financial services provider reported SEK 0.77 earnings per share for the quarter, topping analysts’ consensus estimates of SEK 0.67 by SEK 0.10. Swedbank had a net margin of 30.27% and a return on equity of 15.50%. The business had revenue of SEK 1.84 billion during the quarter, compared to analysts’ expectations of SEK 1.79 billion. As a group, research analysts predict that Swedbank will post 2.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SWDBY. Zacks Research raised shares of Swedbank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. The Goldman Sachs Group downgraded shares of Swedbank from a “hold” rating to a “sell” rating in a report on Thursday, December 4th. Morgan Stanley restated an “underweight” rating on shares of Swedbank in a research report on Thursday, February 12th. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a report on Tuesday, January 20th. Finally, Barclays restated an “underweight” rating on shares of Swedbank in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

About Swedbank

Swedbank AB is a major Swedish banking group headquartered in Stockholm that provides a broad range of financial services to retail, corporate and institutional clients. The bank’s operations focus on traditional banking functions such as deposit-taking, lending and payment services, as well as wealth management and insurance solutions. Swedbank’s franchise is centered on serving households, small and medium-sized enterprises and larger corporate customers, with an emphasis on everyday banking and long-term client relationships.

Products and services offered by Swedbank include savings and current accounts, mortgages and consumer lending, business loans and transaction banking, payment and card services, and digital banking platforms.