Swedbank AB (publ) (OTCMKTS:SWDBY) Short Interest Update

Swedbank AB (publ) (OTCMKTS:SWDBY) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 18,800 shares, a decline of 56.9% from the November 30th total of 43,600 shares. Based on an average daily trading volume, of 87,900 shares, the days-to-cover ratio is currently 0.2 days.

Swedbank AB (publ) Stock Performance

SWDBY stock traded up SEK 0.15 during midday trading on Friday, hitting SEK 19.82. The stock had a trading volume of 37,200 shares, compared to its average volume of 20,369. The firm has a market capitalization of $22.44 billion, a price-to-earnings ratio of 6.79, a P/E/G ratio of 0.69 and a beta of 0.92. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 4.28. The stock has a 50-day simple moving average of SEK 19.90 and a 200 day simple moving average of SEK 20.42. Swedbank AB has a 52 week low of SEK 18.52 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 EPS for the quarter, beating the consensus estimate of SEK 0.68 by SEK 0.12. The company had revenue of SEK 3.37 billion during the quarter. Swedbank AB (publ) had a return on equity of 17.38% and a net margin of 25.27%. As a group, equities research analysts anticipate that Swedbank AB will post 2.65 earnings per share for the current year.

Analysts Set New Price Targets

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

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.