Swedbank AB (OTCMKTS:SWDBY) Short Interest Update

Swedbank AB (OTCMKTS:SWDBY) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 19,981 shares, a decline of 34.7% from the June 15th total of 30,580 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 75,614 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley restated an “underweight” rating on shares of Swedbank in a report on Wednesday, June 24th. Citigroup reiterated a “neutral” rating on shares of Swedbank in a report on Tuesday, July 7th. Finally, Zacks Research cut Swedbank from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Strong Sell”.

Swedbank Price Performance

OTCMKTS SWDBY opened at SEK 37.34 on Friday. The firm’s 50-day moving average is SEK 36.62 and its two-hundred day moving average is SEK 36.63. Swedbank has a 12 month low of SEK 25.58 and a 12 month high of SEK 40.58. The stock has a market capitalization of $41.98 billion, a P/E ratio of 12.49, a PEG ratio of 2.04 and a beta of 0.69.

Swedbank (OTCMKTS:SWDBY) last announced its quarterly earnings results on Friday, July 17th. The financial services provider reported SEK 0.68 earnings per share for the quarter. Swedbank had a net margin of 30.22% and a return on equity of 15.02%. As a group, analysts anticipate that Swedbank will post 3.07 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.