Swedbank AB (publ) (OTCMKTS:SWDBY – Get Free Report) 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.
View Our Latest Report on SWDBY
Swedbank AB (publ) Trading Down 1.5 %
Swedbank AB (publ) (OTCMKTS:SWDBY – Get Free Report) 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.
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