Short Interest in Swedbank AB (OTCMKTS:SWDBY) Decreases By 53.0%

Key Points

• Swedbank’s short interest fell 53% to 13,552 shares as of August 31, down from 28,815 shares on August 15. Short interest represented 0.0% of shares outstanding, with a days-to-cover ratio of 0.2.
• The stock opened at SEK 39.98 and remained near its 52-week high of SEK 41.16. Swedbank reported SEK 0.68 in quarterly EPS, SEK 1.93 billion in revenue, a 14.84% return on equity, and a 29.45% net margin.
• Analyst sentiment remains cautious: ratings include one Buy, three Holds, and two Sells, resulting in a consensus rating of “Reduce.”

Swedbank AB (OTCMKTS:SWDBY - Get Free Report) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 13,552 shares, a drop of 53.0% from the August 15th total of 28,815 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 62,125 shares, the days-to-cover ratio is currently 0.2 days.

Swedbank Stock Performance

OTCMKTS:SWDBY opened at SEK 39.98 on Monday. The company has a debt-to-equity ratio of 4.25, a current ratio of 1.47 and a quick ratio of 1.47. The business's 50-day simple moving average is SEK 39.21 and its 200-day simple moving average is SEK 37.11. Swedbank has a fifty-two week low of SEK 29.21 and a fifty-two week high of SEK 41.16. The stock has a market capitalization of $44.95 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 3.05 and a beta of 0.68.

Swedbank (OTCMKTS:SWDBY - Get Free Report) last posted its earnings results on Friday, July 17th. The financial services provider reported SEK 0.68 earnings per share (EPS) for the quarter. The business had revenue of SEK 1.93 billion during the quarter. Swedbank had a return on equity of 14.84% and a net margin of 29.45%. Sell-side analysts expect that Swedbank will post 2.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SWDBY shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Swedbank in a report on Thursday, July 30th. Morgan Stanley reiterated an "underweight" rating on shares of Swedbank in a report on Wednesday, June 24th. Citigroup reissued a "neutral" rating on shares of Swedbank in a research report on Tuesday, July 7th. Finally, The Goldman Sachs Group raised shares of Swedbank from a "sell" rating to a "hold" rating in a report on Monday, July 20th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce".

About Swedbank

Swedbank AB is a Swedish banking group that provides financial services to private individuals, businesses and institutional customers. Its principal activities include accepting deposits, providing mortgages and other lending products, facilitating payments, and offering savings, investment and insurance services.

The bank serves customers primarily in Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Through its digital and branch-based channels, Swedbank offers everyday banking, personal finance products, corporate banking, cash management and financial advice.

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