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

Swedbank AB (publ) (OTCMKTS:SWDBY) saw a large increase in short interest in the month of 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 volume of 89,400 shares, the days-to-cover ratio is presently 0.6 days.

Swedbank AB (publ) Price Performance

SWDBY stock traded up SEK 0.33 on Thursday, hitting SEK 20.97. 19,800 shares of the company were exchanged, compared to its average volume of 33,040. The business’s fifty day moving average is SEK 19.86 and its two-hundred day moving average is SEK 20.39. Swedbank AB has a twelve month low of SEK 18.52 and a twelve month high of SEK 22.84. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.50 and a current ratio of 1.50.

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

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised Swedbank AB (publ) to a “hold” rating in a research report 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.