Short Interest in Swedbank AB (publ) (OTCMKTS:SWDBY) Decreases By 56.9%

Swedbank AB (publ) (OTCMKTS:SWDBY) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 18,800 shares, a decline of 56.9% from the November 30th total of 43,600 shares. Based on an average daily volume of 87,900 shares, the days-to-cover ratio is presently 0.2 days.

Swedbank AB (publ) Trading Up 0.1 %

SWDBY traded up SEK 0.01 on Friday, hitting SEK 19.67. The company had a trading volume of 32,800 shares, compared to its average volume of 20,301. The business’s fifty day simple moving average is SEK 19.90 and its 200 day simple moving average is SEK 20.42. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 4.28. Swedbank AB has a 12-month low of SEK 18.52 and a 12-month high of SEK 22.84. The company has a market cap of $22.27 billion, a PE ratio of 6.74, a PEG ratio of 0.69 and a beta of 0.93.

Swedbank AB (publ) (OTCMKTS:SWDBY) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported SEK 0.80 EPS for the quarter, topping analysts’ consensus estimates of SEK 0.68 by SEK 0.12. Swedbank AB (publ) had a return on equity of 17.38% and a net margin of 25.27%. The firm had revenue of SEK 3.37 billion during the quarter. Equities research analysts expect that Swedbank AB will post 2.65 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Swedbank AB (publ) to a “hold” rating in a research note on Friday, September 27th.

About Swedbank AB (publ)

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.