Swedbank AB (publ) (OTCMKTS:SWDBY) Short Interest Up 2,866.7% in October

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

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised Swedbank AB (publ) to a “hold” rating in a research note on Friday, September 27th.

Swedbank AB (publ) Trading Down 1.5 %

Shares of SWDBY stock traded down SEK 0.29 on Thursday, reaching SEK 19.37. 125,000 shares of the company’s stock were exchanged, compared to its average volume of 16,919. Swedbank AB has a 52 week low of SEK 16.97 and a 52 week high of SEK 22.84. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 4.52. The stock has a market capitalization of $21.93 billion, a PE ratio of 6.63, a P/E/G ratio of 0.68 and a beta of 0.93. The company’s fifty day simple moving average is SEK 20.57 and its 200 day simple moving average is SEK 20.53.

Swedbank AB (publ) (OTCMKTS:SWDBY) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported SEK 0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of SEK 0.68 by SEK 0.12. The firm had revenue of SEK 3.37 billion during the quarter. Swedbank AB (publ) had a return on equity of 17.72% and a net margin of 25.27%. As a group, analysts forecast that Swedbank AB will post 2.65 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.