Short Interest in Swedbank AB (OTCMKTS:SWDBY) Decreases By 53.0%

Swedbank AB (OTCMKTS:SWDBY) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 13,552 shares, a drop of 53.0% from the August 15th total of 28,815 shares. Based on an average daily volume of 62,125 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

SWDBY has been the topic of several recent analyst reports. Citigroup reissued a “neutral” rating on shares of Swedbank in a research note on Tuesday, July 7th. Zacks Research lowered Swedbank from a “hold” rating to a “strong sell” rating in a research note on Friday, September 11th. Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Swedbank in a research note on Thursday, July 30th. Finally, The Goldman Sachs Group upgraded Swedbank from a “sell” rating to a “hold” rating in a report on Monday, July 20th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

Swedbank Stock Performance

Shares of SWDBY opened at SEK 40.13 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.25. The firm has a market capitalization of $45.12 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 3.07 and a beta of 0.68. The stock’s fifty day simple moving average is SEK 39.29 and its 200 day simple moving average is SEK 37.13. Swedbank has a twelve month low of SEK 29.21 and a twelve month high of SEK 41.16.

Swedbank (OTCMKTS:SWDBY) last released its quarterly earnings data on Friday, July 17th. The financial services provider reported SEK 0.68 EPS for the quarter. The company had revenue of SEK 1.93 billion for the quarter. Swedbank had a return on equity of 14.84% and a net margin of 29.45%. On average, equities research analysts forecast that Swedbank will post 2.81 earnings per share for the current year.

Swedbank Company Profile

Swedbank AB is a Swedish banking group that provides financial services to private individuals, businesses and institutional customers. Its principal activities include accepting deposits, providing mortgages and other lending products, facilitating payments, and offering savings, investment and insurance services.

The bank serves customers primarily in Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Through its digital and branch-based channels, Swedbank offers everyday banking, personal finance products, corporate banking, cash management and financial advice.