Short Interest in Swedbank AB (publ) (OTCMKTS:SWDBY) Rises By 1,303.8%

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

Analyst Ratings Changes

A number of research firms have recently commented on SWDBY. Barclays lowered Swedbank AB (publ) from a "hold" rating to a "strong sell" rating in a research report on Monday, February 3rd. 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 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 Performance

Shares of Swedbank AB (publ) stock traded up SEK 0.44 on Monday, hitting SEK 27.58. The stock had a trading volume of 20,860 shares, compared to its average volume of 27,915. The company's 50 day moving average price is SEK 24.09 and its 200 day moving average price is SEK 22.65. The stock has a market cap of $31.04 billion, a price-to-earnings ratio of 9.41, a P/E/G ratio of 0.93 and a beta of 0.80. The company has a current ratio of 1.52, a quick ratio of 1.50 and a debt-to-equity ratio of 3.63. Swedbank AB has a 52-week low of SEK 18.71 and a 52-week high of SEK 27.60.

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The financial services provider reported SEK 0.68 earnings per share for the quarter. The business had revenue of SEK 1.62 billion during the quarter. Swedbank AB (publ) had a return on equity of 16.95% and a net margin of 23.64%. On average, research analysts anticipate that Swedbank AB will post 2.34 EPS for the current year.

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.