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

Swedbank AB (publ) (OTCMKTS:SWDBFGet Rating) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totalling 288,300 shares, a drop of 60.4% from the April 15th total of 727,300 shares. Based on an average trading volume of 5,800 shares, the days-to-cover ratio is presently 49.7 days.

Shares of SWDBF opened at $14.88 on Thursday. Swedbank AB has a 52-week low of $13.58 and a 52-week high of $21.95. The business’s fifty day moving average is $15.77 and its 200-day moving average is $18.51.

Swedbank AB (publ) Company Profile (Get Rating)

Swedbank AB (publ) provides various banking products and services to individuals and companies. The company operates through Swedish Banking, Baltic Banking, and Large Corporates & Institutions segments. It offers savings, salary, and current accounts; private residential and corporate lending; leasing, factoring, and financing services; consumer, mortgage, acquisition and project, export, and marine financing; mutual funds; and asset management, and life insurance and pension services.

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