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

Swedbank AB (publ) (OTCMKTS:SWDBY) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 4,500 shares, a decrease of 78.9% from the February 28th total of 21,300 shares. Based on an average daily volume of 39,200 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Barclays downgraded shares of Swedbank AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Monday, February 3rd.

Swedbank AB (publ) Stock Down 1.9 %

Shares of OTCMKTS:SWDBY traded down SEK 0.51 on Thursday, reaching SEK 25.71. The company had a trading volume of 35,900 shares, compared to its average volume of 23,240. The firm has a market capitalization of $28.93 billion, a PE ratio of 8.77, a PEG ratio of 0.93 and a beta of 0.93. The company has a current ratio of 1.52, a quick ratio of 1.50 and a debt-to-equity ratio of 3.63. Swedbank AB has a 52-week low of SEK 18.52 and a 52-week high of SEK 26.56. The firm’s 50 day simple moving average is SEK 23.84 and its 200-day simple moving average is SEK 21.48.

Swedbank AB (publ) (OTCMKTS:SWDBY) last posted its earnings results on Thursday, January 23rd. The financial services provider reported SEK 0.70 earnings per share (EPS) for the quarter. Swedbank AB (publ) had a return on equity of 16.95% and a net margin of 23.64%. As a group, analysts expect that Swedbank AB will post 2.34 earnings per share for the current fiscal year.

Swedbank AB (publ) Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, April 14th. Investors of record on Friday, March 28th will be paid a dividend of $1.9773 per share. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from Swedbank AB (publ)’s previous dividend of $1.48. Swedbank AB (publ)’s payout ratio is 46.08%.

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.