Swedbank AB (publ) (OTCMKTS:SWDBY) Sees Significant Growth in Short Interest

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 36,500 shares, a growth of 1,303.8% from the April 30th total of 2,600 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 41,300 shares, the short-interest ratio is presently 0.9 days.

Wall Street Analysts Forecast Growth

SWDBY has been the subject of a number of recent analyst reports. Hsbc Global Res downgraded shares of Swedbank AB (publ) from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Barclays downgraded shares of Swedbank AB (publ) from a "hold" rating to a "strong sell" rating in a research report on Monday, February 3rd. Finally, Citigroup downgraded shares of Swedbank AB (publ) from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 31st.

Swedbank AB (publ) Stock Up 1.5%

SWDBY stock traded up SEK 0.41 during trading on Friday, reaching SEK 27.14. The stock had a trading volume of 17,200 shares, compared to its average volume of 27,984. 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 company has a market capitalization of $30.54 billion, a price-to-earnings ratio of 9.26, a P/E/G ratio of 0.93 and a beta of 0.80. Swedbank AB has a one year low of SEK 18.71 and a one year high of SEK 27.14. The company's 50 day moving average is SEK 24.09 and its two-hundred day moving average is SEK 22.61.

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) last released 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 firm had revenue of SEK 1.62 billion during the quarter. Equities research analysts forecast that Swedbank AB will post 2.34 EPS for the current year.

About Swedbank AB (publ)

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.