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

Swedbank AB (OTCMKTS:SWDBY) was the target of a large 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. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 37,715 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 37,715 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

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

Swedbank Stock Performance

Shares of OTCMKTS SWDBY traded up SEK 0.65 during midday trading on Wednesday, hitting SEK 39.05. 13,645 shares of the company’s stock traded hands, compared to its average volume of 17,639. The firm has a fifty day moving average of SEK 37.25 and a 200 day moving average of SEK 32.72. Swedbank has a 1 year low of SEK 19.16 and a 1 year 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 stock has a market capitalization of $43.94 billion, a price-to-earnings ratio of 13.19 and a beta of 0.67.

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, beating the consensus estimate 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 company had revenue of SEK 1.84 billion during the quarter, compared to analyst estimates of SEK 1.79 billion. 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.