Short Interest in Swedbank AB (OTCMKTS:SWDBY) Expands By 468.3%

Swedbank AB (OTCMKTS:SWDBY) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 14,429 shares, a growth of 468.3% from the January 29th total of 2,539 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 37,715 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 37,715 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

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

Swedbank Stock Performance

SWDBY stock opened at SEK 39.05 on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 3.42. The firm has a market cap of $43.94 billion, a P/E ratio of 13.19 and a beta of 0.67. Swedbank has a 12-month low of SEK 19.16 and a 12-month high of SEK 40.58. The stock’s 50 day simple moving average is SEK 37.37 and its 200 day simple moving average is SEK 32.77.

Swedbank (OTCMKTS:SWDBY) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported SEK 0.77 EPS for the quarter, topping analysts’ consensus estimates of SEK 0.67 by SEK 0.10. The firm had revenue of SEK 1.84 billion during the quarter, compared to the consensus estimate of SEK 1.79 billion. Swedbank had a net margin of 30.27% and a return on equity of 15.50%. As a group, equities research analysts predict that Swedbank will post 2.34 EPS for the current year.

Swedbank Company Profile

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.