Short Interest in Swedbank AB (OTCMKTS:SWDBY) Rises By 54.3%

Key Points

• Short interest in Swedbank rose 54.3% to 28,815 shares as of August 14, up from 18,677 shares on July 30. Despite the increase, short interest represents 0.0% of shares outstanding, with a days-to-cover ratio of 0.5.
• Swedbank reported quarterly earnings of SEK 0.68 per share on SEK 1.93 billion in revenue, alongside a 14.84% return on equity and a 29.45% net margin.
• Analyst sentiment remains cautious: one analyst rates the stock Buy, three Hold, and two Sell, resulting in a consensus rating of “Reduce.”

Swedbank AB (OTCMKTS:SWDBY - Get Free Report) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 28,815 shares, a growth of 54.3% from the July 30th total of 18,677 shares. Based on an average daily trading volume, of 54,152 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company's stock are sold short.

Swedbank Price Performance

Shares of Swedbank stock opened at SEK 39.31 on Tuesday. The company has a debt-to-equity ratio of 4.25, a quick ratio of 1.47 and a current ratio of 1.47. The firm's 50-day simple moving average is SEK 38.68 and its 200-day simple moving average is SEK 37.04. The firm has a market cap of $44.19 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 2.14 and a beta of 0.68. Swedbank has a twelve month low of SEK 28.05 and a twelve month high of SEK 41.16.

Swedbank (OTCMKTS:SWDBY - Get Free Report) last released its quarterly earnings data on Friday, July 17th. The financial services provider reported SEK 0.68 earnings per share for the quarter. Swedbank had a return on equity of 14.84% and a net margin of 29.45%.The company had revenue of SEK 1.93 billion for the quarter. As a group, research analysts expect that Swedbank will post 2.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SWDBY has been the topic of several research reports. The Goldman Sachs Group upgraded shares of Swedbank from a "sell" rating to a "hold" rating in a research note on Monday, July 20th. Morgan Stanley reaffirmed an "underweight" rating on shares of Swedbank in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Swedbank in a report on Thursday, July 30th. Finally, Citigroup reissued a "neutral" rating on shares of Swedbank in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce".

About Swedbank

Swedbank AB is a major Swedish banking group headquartered in Stockholm that provides a broad range of financial services to retail, corporate and institutional clients. The bank's operations focus on traditional banking functions such as deposit-taking, lending and payment services, as well as wealth management and insurance solutions. Swedbank's franchise is centered on serving households, small and medium-sized enterprises and larger corporate customers, with an emphasis on everyday banking and long-term client relationships.

Products and services offered by Swedbank include savings and current accounts, mortgages and consumer lending, business loans and transaction banking, payment and card services, and digital banking platforms.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source