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

Swedbank AB (publ) (OTCMKTS:SWDBY) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 8,900 shares, a growth of 2,866.7% from the October 15th total of 300 shares. Based on an average trading volume of 56,200 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

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

Swedbank AB (publ) Price Performance

Shares of Swedbank AB (publ) stock opened at SEK 19.66 on Wednesday. The company has a 50 day moving average price of SEK 20.64 and a 200 day moving average price of SEK 20.53. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 4.52. Swedbank AB has a 52 week low of SEK 16.63 and a 52 week high of SEK 22.84.

Swedbank AB (publ) (OTCMKTS:SWDBY) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported SEK 0.80 earnings per share for the quarter, beating the consensus estimate of SEK 0.68 by SEK 0.12. The business had revenue of SEK 3.37 billion during the quarter. Swedbank AB (publ) had a return on equity of 17.72% and a net margin of 25.27%. As a group, equities research analysts predict that Swedbank AB will post 2.65 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.