Swedbank AB (OTCMKTS:SWDBY) Sees Large Increase in Short Interest

Swedbank AB (OTCMKTS:SWDBY) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 19,358 shares, a growth of 34.2% from the February 12th total of 14,429 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 30,578 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 30,578 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the shares of the company are sold short.

Swedbank Stock Performance

OTCMKTS:SWDBY opened at SEK 35.03 on Friday. Swedbank has a 52-week low of SEK 19.16 and a 52-week high of SEK 40.58. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.50 and a current ratio of 1.51. The firm’s 50-day moving average is SEK 37.90 and its 200-day moving average is SEK 33.46. The company has a market cap of $39.42 billion, a price-to-earnings ratio of 11.83 and a beta of 0.69.

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

Wall Street Analyst Weigh In

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

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.