Swedbank AB (OTCMKTS:SWDBY) Sees Significant Decrease in Short Interest

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 large decline in short interest in the month of August. As of August 31st, there was short interest totaling 5,000 shares, a decline of 74.4% from the August 15th total of 19,500 shares. Based on an average trading volume of 24,200 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 24,200 shares, the short-interest ratio is presently 0.2 days.

Swedbank Price Performance

Shares of OTCMKTS SWDBY traded up SEK 0.06 during midday trading on Wednesday, hitting SEK 29.81. 3,795 shares of the company's stock were exchanged, compared to its average volume of 22,342. Swedbank has a 12-month low of SEK 18.71 and a 12-month high of SEK 29.99. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 3.89. The company has a market cap of $33.55 billion, a price-to-earnings ratio of 10.28 and a beta of 0.71. The business's fifty day moving average price is SEK 27.74 and its two-hundred day moving average price is SEK 25.95.

Swedbank (OTCMKTS:SWDBY - Get Free Report) last issued its quarterly earnings data 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 during the quarter. Swedbank had a return on equity of 16.12% and a net margin of 25.22%. As a group, research analysts forecast that Swedbank will post 2.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. UBS Group cut Swedbank from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 6th. Morgan Stanley reiterated an "underweight" rating on shares of Swedbank in a research report on Tuesday, September 2nd. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Swedbank currently 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.