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

Swedbank AB (publ) (OTCMKTS:SWDBYGet Free Report) was the target of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 15,800 shares, a growth of 116.4% from the May 15th total of 7,300 shares. Based on an average daily volume of 24,000 shares, the short-interest ratio is presently 0.7 days.

Swedbank AB (publ) Stock Down 0.8 %

Shares of OTCMKTS:SWDBY traded down SEK 0.17 during midday trading on Friday, reaching SEK 20.44. 14,600 shares of the company’s stock were exchanged, compared to its average volume of 12,763. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.49 and a quick ratio of 1.49. The company’s 50 day simple moving average is SEK 20.11 and its two-hundred day simple moving average is SEK 20.26. Swedbank AB has a 12 month low of SEK 15.80 and a 12 month high of SEK 22.84.

Swedbank AB (publ) (OTCMKTS:SWDBYGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported SEK 0.72 EPS for the quarter. Swedbank AB (publ) had a net margin of 26.65% and a return on equity of 18.67%. The firm had revenue of SEK 1.74 billion during the quarter. Equities research analysts forecast that Swedbank AB will post 2.25 EPS for the current year.

Analysts Set New Price Targets

Separately, Barclays downgraded Swedbank AB (publ) from an “overweight” rating to an “equal weight” rating in a research report on Friday, May 24th.

Check Out Our Latest Research Report on SWDBY

Swedbank AB (publ) Company Profile

(Get Free Report)

Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.

Further Reading

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