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

Swedbank AB (publ) (OTCMKTS:SWDBYGet Rating) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totalling 51,700 shares, a decrease of 39.6% from the April 30th total of 85,600 shares. Based on an average trading volume of 188,400 shares, the short-interest ratio is currently 0.3 days.

SWDBY traded down $0.27 during midday trading on Friday, reaching $15.37. The company’s stock had a trading volume of 57,475 shares, compared to its average volume of 97,718. The stock has a market cap of $17.40 billion, a P/E ratio of 7.35, a PEG ratio of 0.26 and a beta of 0.93. The company has a fifty day simple moving average of $15.86 and a 200 day simple moving average of $17.94. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 4.73. Swedbank AB has a twelve month low of $13.34 and a twelve month high of $23.27.

The firm also recently announced a dividend, which was paid on Monday, April 18th. Shareholders of record on Friday, April 1st were issued a $0.974 dividend. This represents a yield of 9.57%. The ex-dividend date was Thursday, March 31st. Swedbank AB (publ)’s dividend payout ratio (DPR) is currently 46.89%.

SWDBY has been the subject of several research analyst reports. Exane BNP Paribas downgraded Swedbank AB (publ) from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 18th. Danske raised Swedbank AB (publ) from a “hold” rating to a “buy” rating in a research report on Friday, April 8th. Deutsche Bank Aktiengesellschaft raised Swedbank AB (publ) from a “hold” rating to a “buy” rating and dropped their target price for the stock from SEK 204 to SEK 182 in a research report on Tuesday, April 5th. Citigroup raised Swedbank AB (publ) from a “neutral” rating to a “buy” rating in a research report on Monday, April 4th. Finally, The Goldman Sachs Group raised Swedbank AB (publ) from a “sell” rating to a “neutral” rating in a research report on Tuesday, March 15th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $186.18.

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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