Swedbank AB (OTCMKTS:SWDBY) Short Interest Update

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 growth in short interest in July. As of July 31st, there was short interest totaling 12,700 shares, agrowthof209.8% from the July 15th total of 4,100 shares. Based on an average daily trading volume, of 29,800 shares, the short-interest ratio is presently 0.4 days. Currently,0.0% of the company's stock are sold short. Currently,0.0% of the company's stock are sold short. Based on an average daily trading volume, of 29,800 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, UBS Group lowered Swedbank from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold".

Swedbank Trading Down 0.2%

Swedbank stock opened at SEK 28.76 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 3.89. Swedbank has a 52 week low of SEK 18.71 and a 52 week high of SEK 28.89. The company has a market capitalization of $32.36 billion, a price-to-earnings ratio of 9.92 and a beta of 0.71. The stock has a 50-day moving average price of SEK 26.60 and a 200 day moving average price of SEK 25.07.

Swedbank (OTCMKTS:SWDBY - Get Free Report) last posted its earnings results on Thursday, July 17th. The financial services provider reported SEK 0.72 EPS for the quarter. The firm 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 EPS 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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