Swedish Match AB (publ) (OTCMKTS:SWMAY) Sees Significant Drop in Short Interest

Swedish Match AB (publ) (OTCMKTS:SWMAYGet Rating) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 13,900 shares, a decrease of 75.4% from the March 15th total of 56,500 shares. Based on an average trading volume of 300,500 shares, the short-interest ratio is currently 0.0 days.

Several analysts recently issued reports on SWMAY shares. JPMorgan Chase & Co. upped their target price on Swedish Match AB (publ) from SEK 64 to SEK 66 in a report on Thursday, March 31st. Zacks Investment Research upgraded Swedish Match AB (publ) from a “sell” rating to a “hold” rating in a report on Thursday, March 17th. UBS Group dropped their target price on Swedish Match AB (publ) from SEK 95 to SEK 92 and set a “buy” rating on the stock in a report on Tuesday, March 29th. Finally, Credit Suisse Group upped their price objective on Swedish Match AB (publ) from SEK 78 to SEK 88 and gave the company an “outperform” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $63.69.

Shares of OTCMKTS SWMAY traded up $0.07 during trading hours on Wednesday, reaching $8.04. 60,686 shares of the stock were exchanged, compared to its average volume of 166,477. The firm has a market capitalization of $12.70 billion, a price-to-earnings ratio of 17.32 and a beta of 0.87. Swedish Match AB has a 52 week low of $6.00 and a 52 week high of $9.90. The stock’s fifty day simple moving average is $7.56 and its 200 day simple moving average is $7.82.

About Swedish Match AB (publ) (Get Rating)

Swedish Match AB (publ) develops, manufactures, markets, and sells snus and moist snuff, lights, and other tobacco products in Scandinavia, the United States, and internationally. The company operates through Smokefree, Cigars, and Lights segments. It provides snus and pouch products, nicotine pouches, nicotine free products, and moist snuff under the General, Göteborgs Rapé, Kaliber, Kronan, Ettan, Grov, Catch, G.3, The Lab, Nick & Johnny, Thunder, VOLT, Swave, ZYN, G.4, Onico, Qvitt, Longhorn, and Timber Wolf brand names.

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