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

Swedbank AB (publ) (OTCMKTS:SWDBY) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 8,900 shares, an increase of 2,866.7% from the October 15th total of 300 shares. Based on an average daily volume of 56,200 shares, the days-to-cover ratio is currently 0.2 days.

Swedbank AB (publ) Stock Performance

Shares of Swedbank AB (publ) stock opened at SEK 19.66 on Wednesday. The company’s fifty day moving average price is SEK 20.64 and its two-hundred day moving average price is SEK 20.53. The company has a debt-to-equity ratio of 4.52, a current ratio of 1.53 and a quick ratio of 1.53. Swedbank AB has a 52-week low of SEK 16.63 and a 52-week high of SEK 22.84.

Swedbank AB (publ) (OTCMKTS:SWDBY) last released its earnings results on Wednesday, October 23rd. The financial services provider reported SEK 0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of SEK 0.68 by SEK 0.12. The company had revenue of SEK 3.37 billion for the quarter. Swedbank AB (publ) had a net margin of 25.27% and a return on equity of 17.72%. Analysts anticipate that Swedbank AB will post 2.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of 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.