Swedbank AB (publ) (OTCMKTS:SWDBY) Short Interest Down 74.8% in April

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 7,500 shares, a drop of 74.8% from the March 31st total of 29,800 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 115,900 shares, the short-interest ratio is currently 0.1 days.

Swedbank AB (publ) Price Performance

Shares of OTCMKTS:SWDBY traded up SEK 0.60 during midday trading on Thursday, reaching SEK 24.87. 32,700 shares of the company's stock traded hands, compared to its average volume of 29,417. The company has a fifty day simple moving average of SEK 23.81 and a two-hundred day simple moving average of SEK 21.76. Swedbank AB has a 1 year low of SEK 18.71 and a 1 year high of SEK 26.56. The company has a market cap of $27.99 billion, a P/E ratio of 8.49, a PEG ratio of 0.93 and a beta of 0.78. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.50 and a current ratio of 1.52.

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The financial services provider reported SEK 0.68 earnings per share (EPS) for the quarter. Swedbank AB (publ) had a net margin of 23.64% and a return on equity of 16.95%. The business had revenue of SEK 1.62 billion for the quarter. Equities analysts predict that Swedbank AB will post 2.34 EPS for the current fiscal year.

Swedbank AB (publ) Increases Dividend

The company also recently announced a dividend, which was paid on Monday, April 14th. Stockholders of record on Friday, March 28th were given a $1.9773 dividend. The ex-dividend date was Friday, March 28th. This is an increase from Swedbank AB (publ)'s previous dividend of $1.48. Swedbank AB (publ)'s dividend payout ratio (DPR) is 68.94%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SWDBY shares. Hsbc Global Res downgraded Swedbank AB (publ) from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Citigroup lowered shares of Swedbank AB (publ) from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 31st. Finally, Barclays cut shares of Swedbank AB (publ) from a "hold" rating to a "strong sell" rating in a report on Monday, February 3rd.

Swedbank AB (publ) 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.