Short Interest in Swedbank AB (OTCMKTS:SWDBY) Drops By 74.4%

Key Points

• Short interest in Swedbank AB dropped by 74.4% in August, with only 5,000 shares sold short as of August 31st, compared to 19,500 shares on August 15th.
• The company reported **SEK 0.72 EPS** and **SEK 1.76 billion** in revenue for the latest quarter, with a net margin of 25.22% and a return on equity of 16.12%.
• Analysts have mixed views on Swedbank, with Morgan Stanley issuing an "underweight" rating while UBS downgraded its rating from "strong-buy" to "hold".

Swedbank AB (OTCMKTS:SWDBY - Get Free Report) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 5,000 shares, a drop of 74.4% from the August 15th total of 19,500 shares. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 24,200 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 24,200 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company's shares are sold short.

Swedbank Trading Up 0.5%

OTCMKTS SWDBY opened at SEK 29.27 on Friday. The firm has a market cap of $32.94 billion, a P/E ratio of 10.09 and a beta of 0.71. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.47 and a quick ratio of 1.47. The stock's 50-day moving average is SEK 27.54 and its 200-day moving average is SEK 25.82. Swedbank has a one year low of SEK 18.71 and a one year high of SEK 29.32.

Swedbank (OTCMKTS:SWDBY - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The financial services provider reported SEK 0.72 EPS for the quarter. The company had revenue of SEK 1.76 billion for the quarter. Swedbank had a return on equity of 16.12% and a net margin of 25.22%. Sell-side analysts anticipate that Swedbank will post 2.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SWDBY has been the topic of several analyst reports. Morgan Stanley reissued an "underweight" rating on shares of Swedbank in a research note on Tuesday, September 2nd. UBS Group lowered Swedbank from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 6th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Swedbank has an average rating of "Reduce".

Swedbank 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.

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