Short Interest in Swedbank AB (publ) (OTCMKTS:SWDBY) Increases By 83.1%

Swedbank AB (publ) (OTCMKTS:SWDBY) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 16,300 shares, an increase of 83.1% from the October 31st total of 8,900 shares. Based on an average daily trading volume, of 96,800 shares, the days-to-cover ratio is presently 0.2 days.

Swedbank AB (publ) Stock Up 1.3 %

Shares of OTCMKTS SWDBY traded up SEK 0.24 during mid-day trading on Thursday, hitting SEK 19.23. The company had a trading volume of 29,500 shares, compared to its average volume of 18,258. Swedbank AB has a 12 month low of SEK 18.25 and a 12 month high of SEK 22.84. The business’s 50-day simple moving average is SEK 20.14 and its 200-day simple moving average is SEK 20.50. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 4.52.

Swedbank AB (publ) (OTCMKTS:SWDBY) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported SEK 0.80 EPS for the quarter, topping analysts’ consensus estimates 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 17.72% and a net margin of 25.27%. As a group, research analysts anticipate that Swedbank AB will post 2.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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.