Swedbank AB (OTCMKTS:SWDBY) Short Interest Up 172.2% in September

Key Points

• Swedbank AB experienced a significant increase in short interest, rising by 172.2% in September, totaling 19,600 shares as of September 30th.
• The stock is currently rated as "Reduce" by analysts, with three maintaining a Hold rating and two issuing a Sell rating.
• Swedbank reported earnings of SEK 0.72 per share for the last quarter, with analysts projecting 2.34 earnings per share for the current year.

Swedbank AB (OTCMKTS:SWDBY - Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 19,600 shares, an increase of 172.2% from the September 15th total of 7,200 shares. Based on an average trading volume of 21,800 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 21,800 shares, the days-to-cover ratio is presently 0.9 days.

Wall Street Analyst Weigh In

A number of brokerages have commented on SWDBY. Citigroup reissued a "neutral" rating on shares of Swedbank in a report on Tuesday. Morgan Stanley reissued an "underweight" rating on shares of Swedbank in a report on Tuesday, September 2nd. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Swedbank currently has an average rating of "Reduce".

Swedbank Price Performance

Shares of SWDBY stock traded down SEK 0.09 during trading hours on Friday, reaching SEK 30.28. The company had a trading volume of 27,400 shares, compared to its average volume of 12,411. The company has a debt-to-equity ratio of 3.89, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a fifty day moving average of SEK 29.31 and a 200-day moving average of SEK 26.68. The company has a market capitalization of $34.07 billion, a price-to-earnings ratio of 10.44 and a beta of 0.70. Swedbank has a 12-month low of SEK 18.71 and a 12-month high of SEK 30.84.

Swedbank (OTCMKTS:SWDBY - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported SEK 0.72 earnings per share (EPS) for the quarter. The business 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%. On average, equities analysts anticipate that Swedbank will post 2.34 earnings per share for the current year.

About Swedbank

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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