Swedbank AB (publ) (OTCMKTS:SWDBY) Short Interest Up 180.3% in December

Swedbank AB (publ) (OTCMKTS:SWDBY) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 52,700 shares, a growth of 180.3% from the December 15th total of 18,800 shares. Based on an average daily volume of 89,400 shares, the short-interest ratio is presently 0.6 days.

Wall Street Analyst Weigh In

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

Swedbank AB (publ) Stock Performance

Shares of OTCMKTS SWDBY traded up SEK 0.33 during trading on Thursday, reaching SEK 20.97. The stock had a trading volume of 19,800 shares, compared to its average volume of 33,040. The firm’s 50 day moving average price is SEK 19.86 and its two-hundred day moving average price is SEK 20.39. Swedbank AB has a one year low of SEK 18.52 and a one year high of SEK 22.84. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.50 and a quick ratio of 1.50.

Swedbank AB (publ) (OTCMKTS:SWDBY) last posted 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. Swedbank AB (publ) had a net margin of 25.27% and a return on equity of 17.38%. The company had revenue of SEK 3.37 billion for the quarter. On average, analysts forecast that Swedbank AB will post 2.6 earnings per share 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.