Short Interest in Swedbank AB (OTCMKTS:SWDBY) Drops By 78.5%

Swedbank AB (OTCMKTS:SWDBY) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 8,624 shares, a drop of 78.5% from the December 15th total of 40,054 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 28,733 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 28,733 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Swedbank Price Performance

Shares of OTCMKTS:SWDBY opened at SEK 35.80 on Tuesday. The firm has a market capitalization of $40.29 billion, a PE ratio of 12.39 and a beta of 0.66. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 3.83. The company has a 50-day moving average price of SEK 32.86 and a two-hundred day moving average price of SEK 30.08. Swedbank has a twelve month low of SEK 19.16 and a twelve month high of SEK 35.85.

Swedbank (OTCMKTS:SWDBY) last announced its quarterly earnings results on Thursday, October 23rd. The financial services provider reported SEK 0.79 EPS for the quarter, beating analysts’ consensus estimates of SEK 0.64 by SEK 0.15. The company had revenue of SEK 1.80 billion for the quarter, compared to analysts’ expectations of SEK 1.73 billion. Swedbank had a net margin of 26.30% and a return on equity of 15.55%. Equities analysts forecast that Swedbank will post 2.34 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SWDBY shares. Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a research report on Monday, November 24th. Barclays restated an “underweight” rating on shares of Swedbank in a research report on Wednesday, December 10th. The Goldman Sachs Group downgraded shares of Swedbank from a “hold” rating to a “sell” rating in a report on Thursday, December 4th. Citigroup reiterated a “neutral” rating on shares of Swedbank in a research note on Tuesday, October 14th. Finally, Zacks Research raised shares of Swedbank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Swedbank Company Profile

Swedbank AB is a major Swedish banking group headquartered in Stockholm that provides a broad range of financial services to retail, corporate and institutional clients. The bank’s operations focus on traditional banking functions such as deposit-taking, lending and payment services, as well as wealth management and insurance solutions. Swedbank’s franchise is centered on serving households, small and medium-sized enterprises and larger corporate customers, with an emphasis on everyday banking and long-term client relationships.

Products and services offered by Swedbank include savings and current accounts, mortgages and consumer lending, business loans and transaction banking, payment and card services, and digital banking platforms.