Swedbank AB (OTCMKTS:SWDBY) Short Interest Down 52.9% in May

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

Swedbank Price Performance

Shares of Swedbank stock traded down SEK 0.45 during trading hours on Tuesday, reaching SEK 25.73. The company's stock had a trading volume of 13,500 shares, compared to its average volume of 26,464. The firm has a 50 day moving average price of SEK 25.11 and a 200-day moving average price of SEK 23.23. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.52 and a quick ratio of 1.50. The stock has a market cap of $28.95 billion, a P/E ratio of 8.90 and a beta of 0.80. Swedbank has a one year low of SEK 18.71 and a one year high of SEK 27.60.

Swedbank (OTCMKTS:SWDBY - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The financial services provider reported SEK 0.68 EPS for the quarter. Swedbank had a return on equity of 16.45% and a net margin of 24.34%. The company had revenue of SEK 1.62 billion during the quarter. On average, analysts predict that Swedbank will post 2.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SWDBY. UBS Group downgraded Swedbank from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 6th. Citigroup cut Swedbank from a "strong-buy" rating to a "hold" rating in a report on Monday, March 31st. Finally, Hsbc Global Res downgraded Swedbank from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to MarketBeat.com, Swedbank currently has a consensus rating of "Hold".

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.