Short Interest in Swedbank AB (publ) (OTCMKTS:SWDBY) Declines By 68.8%

Swedbank AB (publ) (OTCMKTS:SWDBY) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 10,000 shares, a decrease of 68.8% from the September 15th total of 32,000 shares. Based on an average daily volume of 14,500 shares, the days-to-cover ratio is presently 0.7 days.

Swedbank AB (publ) Price Performance

SWDBY stock traded up SEK 0.03 during trading on Thursday, hitting SEK 19.91. The company had a trading volume of 15,000 shares, compared to its average volume of 14,437. The company has a fifty day moving average price of SEK 20.83 and a two-hundred day moving average price of SEK 20.51. Swedbank AB has a fifty-two week low of SEK 15.80 and a fifty-two week high of SEK 22.84. The company has a market cap of $22.54 billion, a P/E ratio of 6.78, a P/E/G ratio of 0.78 and a beta of 0.93. 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 (publ) (OTCMKTS:SWDBY) last issued its earnings results on Tuesday, July 16th. The financial services provider reported SEK 0.71 EPS for the quarter, beating the consensus estimate of SEK 0.67 by SEK 0.04. The company had revenue of SEK 1.71 billion for the quarter, compared to the consensus estimate of SEK 1.68 billion. Swedbank AB (publ) had a net margin of 25.41% and a return on equity of 17.66%. Equities research analysts expect that Swedbank AB will post 2.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Swedbank AB (publ) to a “hold” rating in a research note on Friday, September 27th.

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.