Swedbank AB (OTCMKTS:SWDBY) Short Interest Down 89.1% in January

Swedbank AB (OTCMKTS:SWDBY) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 2,539 shares, a drop of 89.1% from the January 15th total of 23,280 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 33,585 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 33,585 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

SWDBY has been the subject of several recent analyst reports. Citigroup restated a “neutral” rating on shares of Swedbank in a research note on Tuesday, January 20th. The Goldman Sachs Group downgraded Swedbank from a “hold” rating to a “sell” rating in a research report on Thursday, December 4th. Barclays reiterated an “underweight” rating on shares of Swedbank in a research report on Wednesday, December 10th. Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a research note on Monday, November 24th. Finally, Zacks Research downgraded shares of Swedbank from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Four investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Swedbank Stock Performance

Shares of SWDBY stock opened at SEK 39.85 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 3.83. The business’s 50-day moving average price is SEK 36.10 and its 200-day moving average price is SEK 31.91. Swedbank has a 12 month low of SEK 19.16 and a 12 month high of SEK 40.58. The firm has a market capitalization of $44.84 billion, a price-to-earnings ratio of 13.46 and a beta of 0.67.

Swedbank (OTCMKTS:SWDBY) last issued its quarterly earnings results on Thursday, January 29th. The financial services provider reported SEK 0.77 earnings per share for the quarter, beating the consensus estimate of SEK 0.67 by SEK 0.10. The firm had revenue of SEK 1.84 billion during the quarter, compared to the consensus estimate of SEK 1.79 billion. Swedbank had a return on equity of 15.87% and a net margin of 30.27%. Equities research analysts forecast that Swedbank will post 2.34 EPS for the current year.

About Swedbank

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.