Swedbank AB (OTCMKTS:SWDBY) Stock Short Interest Report for October

Key Points

• Short interest fell 37.5% to 28,770 shares as of October 15, representing about 0.0% of Swedbank’s shares and a short-interest ratio of 0.4 days.
• Analyst sentiment remains mixed: Barclays upgraded the stock to “overweight,” while Zacks Research downgraded it to “strong sell.” Overall, Swedbank carries an average “Hold” rating.
• Swedbank reported quarterly EPS of SEK 0.76, ahead of the SEK 0.73 consensus estimate, on revenue of SEK 1.86 billion; the stock opened at SEK 39.57, within its SEK 29.80–SEK 42.36 52-week range.

Swedbank AB (OTCMKTS:SWDBY - Get Free Report) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 28,770 shares, a drop of 37.5% from the September 30th total of 46,031 shares. Based on an average daily trading volume, of 67,735 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company's shares are sold short.

Analysts Set New Price Targets

SWDBY has been the topic of a number of recent research reports. Barclays upgraded shares of Swedbank from a "cautious" rating to an "overweight" rating in a research report on Friday, October 9th. Zacks Research downgraded shares of Swedbank from a "hold" rating to a "strong sell" rating in a report on Friday, September 11th. Citigroup restated a "neutral" rating on shares of Swedbank in a report on Monday, October 12th. The Goldman Sachs Group raised shares of Swedbank from a "sell" rating to a "hold" rating in a research report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Swedbank in a research report on Wednesday, September 16th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Swedbank currently has an average rating of "Hold".

Swedbank Price Performance

SWDBY stock opened at SEK 39.57 on Monday. The firm has a market capitalization of $44.49 billion, a P/E ratio of 13.55, a P/E/G ratio of 2.88 and a beta of 0.69. The company has a debt-to-equity ratio of 4.25, a current ratio of 1.47 and a quick ratio of 1.47. Swedbank has a 52-week low of SEK 29.80 and a 52-week high of SEK 42.36. The company's 50 day simple moving average is SEK 40.12 and its 200-day simple moving average is SEK 37.91.

Swedbank (OTCMKTS:SWDBY - Get Free Report) last announced its earnings results on Thursday, October 22nd. The financial services provider reported SEK 0.76 EPS for the quarter, topping the consensus estimate of SEK 0.73 by SEK 0.03. Swedbank had a return on equity of 14.76% and a net margin of 28.94%. The company had revenue of SEK 1.86 billion for the quarter. As a group, equities research analysts anticipate that Swedbank will post 2.74 EPS for the current year.

Swedbank Company Profile

Swedbank AB is a Swedish banking group that provides financial services to private individuals, businesses and institutional customers. Its main activities include deposit accounts, consumer and mortgage lending, business financing, payment services, card products, investment services and insurance-related offerings.

The bank serves customers primarily in Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Through its digital channels, branches and other distribution networks, Swedbank offers everyday banking, savings and investment products, as well as services for corporate cash management, payments and capital financing.

Swedbank's history is rooted in Sweden's savings-bank movement, which dates back to the early 19th century.

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