Swedbank AB (OTCMKTS:SWDBY) Short Interest Up 172.2% in September

Swedbank AB (OTCMKTS:SWDBY) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 19,600 shares, a growth of 172.2% from the September 15th total of 7,200 shares. Based on an average daily trading volume, of 21,800 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 21,800 shares, the days-to-cover ratio is presently 0.9 days.

Swedbank Stock Performance

Shares of OTCMKTS:SWDBY opened at SEK 30.51 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 3.89. The stock has a market capitalization of $34.33 billion, a P/E ratio of 10.52 and a beta of 0.70. The business has a 50-day moving average price of SEK 29.36 and a two-hundred day moving average price of SEK 26.76. Swedbank has a 1-year low of SEK 18.71 and a 1-year high of SEK 30.84.

Analyst Ratings Changes

SWDBY has been the subject of a number of research analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a report on Tuesday, October 14th. Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a report on Tuesday, September 2nd. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

Swedbank Company Profile

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.