Short Interest in Swedbank AB (OTCMKTS:SWDBY) Rises By 209.8%

Key Points

• Swedbank AB experienced a significant increase in short interest, rising by 209.8% to 12,700 shares in July, with a short-interest ratio of 0.4 days.
• UBS Group downgraded Swedbank from a "strong-buy" to a "hold" rating, contributing to an average rating of "Hold" among analysts.
• The company's stock is currently trading at SEK 28.76, with a market cap of $32.36 billion and a reported EPS of SEK 0.72 for the last quarter.

Swedbank AB (OTCMKTS:SWDBY - Get Free Report) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 12,700 shares, anincreaseof209.8% from the July 15th total of 4,100 shares. Based on an average daily volume of 29,800 shares, the short-interest ratio is presently 0.4 days. Currently,0.0% of the shares of the company are sold short. Currently,0.0% of the shares of the company are sold short. Based on an average daily volume of 29,800 shares, the short-interest ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Separately, UBS Group downgraded shares of Swedbank from a "strong-buy" rating to a "hold" rating in a report on Friday, June 6th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Swedbank currently has a consensus rating of "Reduce".

Swedbank Price Performance

OTCMKTS:SWDBY traded up SEK 0.07 during trading hours on Thursday, hitting SEK 28.67. The stock had a trading volume of 7,109 shares, compared to its average volume of 23,652. Swedbank has a one year low of SEK 18.71 and a one year high of SEK 28.89. 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 firm has a market capitalization of $32.26 billion, a price-to-earnings ratio of 9.89 and a beta of 0.71. The company has a 50 day simple moving average of SEK 26.74 and a two-hundred day simple moving average of SEK 25.24.

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

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.