Swedbank AB (publ) (OTCMKTS:SWDBF) Sees Large Growth in Short Interest

Swedbank AB (publ) (OTCMKTS:SWDBF) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 5,832,100 shares, an increase of 42.7% from the October 15th total of 4,088,300 shares. Based on an average trading volume of 900 shares, the short-interest ratio is currently 6,480.1 days.

Swedbank AB (publ) Price Performance

OTCMKTS SWDBF remained flat at $19.33 during trading hours on Friday. 30 shares of the company were exchanged, compared to its average volume of 1,351. Swedbank AB has a one year low of $17.35 and a one year high of $22.68. The business’s 50-day simple moving average is $20.46 and its 200-day simple moving average is $20.32.

Swedbank AB (publ) Company Profile

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.