Short Interest in Swedbank AB (publ) (OTCMKTS:SWDBY) Decreases By 51.3%

Swedbank AB (publ) (OTCMKTS:SWDBY) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totalling 12,800 shares, a decline of 51.3% from the June 30th total of 26,300 shares. Based on an average daily volume of 29,700 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered shares of Swedbank AB (publ) from an “overweight” rating to an “equal weight” rating in a research report on Friday, May 24th.

Swedbank AB (publ) Trading Up 0.7 %

Swedbank AB (publ) stock traded up SEK 0.15 during trading hours on Friday, hitting SEK 21. 10,500 shares of the stock were exchanged, compared to its average volume of 13,338. 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 12 month low of SEK 15.80 and a 12 month high of SEK 22.84. The business’s 50-day moving average is SEK 20.58 and its two-hundred day moving average is SEK 20.50.

Swedbank AB (publ) (OTCMKTS:SWDBY) last released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported SEK 0.71 EPS for the quarter, beating the consensus estimate of SEK 0.67 by SEK 0.04. Swedbank AB (publ) had a net margin of 25.41% and a return on equity of 17.66%. The business had revenue of SEK 1.71 billion for the quarter, compared to analysts’ expectations of SEK 1.68 billion. On average, sell-side analysts forecast that Swedbank AB will post 2.49 EPS for the current year.

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.