Swedbank AB (publ) (OTCMKTS:SWDBY) Short Interest Up 83.1% in November

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

Swedbank AB (publ) Stock Performance

Shares of OTCMKTS SWDBY traded up SEK 0.24 during midday trading on Thursday, reaching SEK 19.23. 29,500 shares of the company traded hands, 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 company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 4.52. The stock’s 50-day simple moving average is SEK 20.14 and its 200-day simple moving average is SEK 20.50.

Swedbank AB (publ) (OTCMKTS:SWDBY) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported SEK 0.80 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 25.27% and a return on equity of 17.72%. As a group, analysts forecast that Swedbank AB will post 2.65 EPS for the current year.

Analyst Upgrades and Downgrades

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

About Swedbank AB (publ)

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.