Swedbank AB (publ) (OTCMKTS:SWDBY) Short Interest Update

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) was the target of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 17,200 shares, a drop of 52.9% from the May 15th total of 36,500 shares. Based on an average daily trading volume, of 47,900 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Swedbank AB (publ) Stock Performance

OTCMKTS SWDBY traded down SEK 0.51 during midday trading on Friday, hitting SEK 26.01. The company had a trading volume of 19,300 shares, compared to its average volume of 26,709. The company has a quick ratio of 1.50, a current ratio of 1.52 and a debt-to-equity ratio of 3.63. The stock has a market cap of $29.27 billion, a price-to-earnings ratio of 8.88, a P/E/G ratio of 0.93 and a beta of 0.80. The firm has a fifty day simple moving average of SEK 24.89 and a two-hundred day simple moving average of SEK 23.11. Swedbank AB has a fifty-two week low of SEK 18.71 and a fifty-two week high of SEK 27.60.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. UBS Group lowered shares of Swedbank AB (publ) from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 6th. Hsbc Global Res lowered shares of Swedbank AB (publ) from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Citigroup lowered shares of Swedbank AB (publ) from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 31st. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold".

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.