Short Interest in Swedbank AB (publ) (OTCMKTS:SWDBY) Decreases By 51.3%

Swedbank AB (publ) (OTCMKTS:SWDBY) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 12,800 shares, a decrease of 51.3% from the June 30th total of 26,300 shares. Based on an average daily volume of 29,700 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Barclays lowered shares of Swedbank AB (publ) from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 24th.

Swedbank AB (publ) Trading Up 0.7 %

Shares of OTCMKTS:SWDBY traded up SEK 0.15 during trading on Friday, reaching SEK 21. The stock had a trading volume of 10,500 shares, compared to its average volume of 13,338. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 4.52. Swedbank AB has a 52 week low of SEK 15.80 and a 52 week high of SEK 22.84. The firm’s fifty day moving average is SEK 20.58 and its 200 day moving average is SEK 20.50.

Swedbank AB (publ) (OTCMKTS:SWDBY) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported SEK 0.71 earnings per share for the quarter, topping the consensus estimate of SEK 0.67 by SEK 0.04. Swedbank AB (publ) had a net margin of 25.41% and a return on equity of 17.66%. The firm had revenue of SEK 1.71 billion for the quarter, compared to the consensus estimate of SEK 1.68 billion. On average, equities research analysts forecast that Swedbank AB will post 2.49 earnings per share 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.