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

Swedbank AB (OTCMKTS:SWDBY) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 28,815 shares, a growth of 54.3% from the July 30th total of 18,677 shares. Based on an average daily volume of 54,152 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are sold short.

Swedbank Price Performance

SWDBY stock opened at SEK 39.28 on Wednesday. The company has a market cap of $44.16 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 2.15 and a beta of 0.68. The business has a 50-day simple moving average of SEK 38.73 and a 200 day simple moving average of SEK 37.03. Swedbank has a 52 week low of SEK 28.05 and a 52 week high of SEK 41.16. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 4.25.

Swedbank (OTCMKTS:SWDBY) last posted its quarterly earnings data on Friday, July 17th. The financial services provider reported SEK 0.68 earnings per share for the quarter. Swedbank had a net margin of 29.45% and a return on equity of 14.84%. The business had revenue of SEK 1.93 billion during the quarter. Sell-side analysts anticipate that Swedbank will post 2.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SWDBY has been the subject of a number of recent research reports. Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Swedbank in a report on Thursday, July 30th. Citigroup reiterated a “neutral” rating on shares of Swedbank in a research report on Tuesday, July 7th. Finally, The Goldman Sachs Group upgraded Swedbank from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus 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.