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

Swedbank AB (publ) (OTCMKTS:SWDBY) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 33,300 shares, a growth of 160.2% from the July 15th total of 12,800 shares. Based on an average daily volume of 34,100 shares, the days-to-cover ratio is currently 1.0 days.

Swedbank AB (publ) Trading Up 0.4 %

Shares of SWDBY stock traded up SEK 0.08 on Thursday, hitting SEK 20.08. 9,100 shares of the company’s stock traded hands, compared to its average volume of 15,048. The stock has a market capitalization of $22.73 billion, a price-to-earnings ratio of 6.85, a P/E/G ratio of 0.76 and a beta of 0.94. The company’s fifty day simple moving average is SEK 20.56 and its 200 day simple moving average is SEK 20.57. Swedbank AB has a one year low of SEK 15.80 and a one year high of SEK 22.84. The company has a debt-to-equity ratio of 4.52, a quick ratio of 1.53 and a current ratio of 1.53.

Swedbank AB (publ) (OTCMKTS:SWDBY) last announced its quarterly earnings data on Tuesday, July 16th. The financial services provider reported SEK 0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of SEK 0.67 by SEK 0.04. The firm had revenue of SEK 1.71 billion for the quarter, compared to analysts’ expectations of SEK 1.68 billion. Swedbank AB (publ) had a return on equity of 17.66% and a net margin of 25.41%. Equities analysts forecast that Swedbank AB will post 2.49 EPS for the current year.

Analysts Set New Price Targets

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

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.