Swedbank AB (OTCMKTS:SWDBY) Short Interest Up 468.3% in February

Swedbank AB (OTCMKTS:SWDBY) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 14,429 shares, an increase of 468.3% from the January 29th total of 2,539 shares. Based on an average daily volume of 37,715 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 37,715 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SWDBY. Morgan Stanley reiterated an “underweight” rating on shares of Swedbank in a report on Thursday, February 12th. Zacks Research upgraded shares of Swedbank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. The Goldman Sachs Group cut shares of Swedbank from a “hold” rating to a “sell” rating in a research report on Thursday, December 4th. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a report on Tuesday, January 20th. Finally, Barclays reiterated an “underweight” rating on shares of Swedbank in a report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Swedbank Stock Performance

OTCMKTS SWDBY opened at SEK 38.90 on Friday. Swedbank has a 12-month low of SEK 19.16 and a 12-month high of SEK 40.58. The company has a fifty day simple moving average of SEK 37.47 and a two-hundred day simple moving average of SEK 32.81. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 3.42. The stock has a market cap of $43.77 billion, a P/E ratio of 13.14 and a beta of 0.67.

Swedbank (OTCMKTS:SWDBY) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported SEK 0.77 earnings per share for the quarter, beating analysts’ consensus estimates of SEK 0.67 by SEK 0.10. The firm had revenue of SEK 1.84 billion for the quarter, compared to analyst estimates of SEK 1.79 billion. Swedbank had a net margin of 30.27% and a return on equity of 15.50%. On average, analysts forecast that Swedbank will post 2.34 earnings per share 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.