Short Interest in Swedbank AB (OTCMKTS:SWDBY) Increases By 54.3%

Swedbank AB (OTCMKTS:SWDBY) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 28,815 shares, a growth of 54.3% from the July 30th total of 18,677 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 54,152 shares, the short-interest ratio is presently 0.5 days.

Swedbank Stock Performance

Shares of OTCMKTS SWDBY opened at SEK 39.31 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.25. The stock has a 50 day moving average of SEK 38.68 and a 200-day moving average of SEK 37.04. Swedbank has a 12 month low of SEK 28.05 and a 12 month high of SEK 41.16. The company has a market capitalization of $44.19 billion, a P/E ratio of 13.33, a P/E/G ratio of 2.14 and a beta of 0.68.

Swedbank (OTCMKTS:SWDBY) last issued its quarterly earnings data on Friday, July 17th. The financial services provider reported SEK 0.68 earnings per share for the quarter. Swedbank had a net margin of 29.45% and a return on equity of 14.84%. The company had revenue of SEK 1.93 billion for the quarter. As a group, equities research analysts predict that Swedbank will post 2.97 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on SWDBY. Morgan Stanley reiterated an “underweight” rating on shares of Swedbank in a research report on Wednesday, June 24th. The Goldman Sachs Group raised Swedbank from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a research report on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Swedbank in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

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.