Swedbank AB (OTCMKTS:SWDBY) Stock Short Interest Declines 37.5%

Swedbank AB (OTCMKTS:SWDBY) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 28,770 shares, a decrease of 37.5% from the September 30th total of 46,031 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 67,735 shares, the days-to-cover ratio is currently 0.4 days.

Swedbank Price Performance

Shares of OTCMKTS SWDBY opened at SEK 39.48 on Tuesday. The stock has a market cap of $44.38 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 2.88 and a beta of 0.71. The company has a debt-to-equity ratio of 4.25, a quick ratio of 1.47 and a current ratio of 1.47. Swedbank has a fifty-two week low of SEK 29.80 and a fifty-two week high of SEK 42.36. The firm’s 50-day simple moving average is SEK 40.12 and its 200 day simple moving average is SEK 37.93.

Swedbank (OTCMKTS:SWDBY) last issued its quarterly earnings data on Thursday, October 22nd. The financial services provider reported SEK 0.76 EPS for the quarter, topping analysts’ consensus estimates of SEK 0.73 by SEK 0.03. Swedbank had a return on equity of 14.76% and a net margin of 28.94%. The firm had revenue of SEK 1.86 billion during the quarter. As a group, research analysts anticipate that Swedbank will post 2.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on SWDBY. Zacks Research cut Swedbank from a “hold” rating to a “strong sell” rating in a research note on Friday, September 11th. Barclays raised Swedbank from a “cautious” rating to an “overweight” rating in a research report on Friday, October 9th. The Goldman Sachs Group upgraded Swedbank from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Swedbank in a research report on Wednesday, September 16th. Finally, Citigroup reissued a “neutral” rating on shares of Swedbank in a research report on Monday, October 12th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Swedbank presently has an average rating of “Hold”.

Swedbank Company Profile

Swedbank AB is a Swedish banking group that provides financial services to private individuals, businesses and institutional customers. Its main activities include deposit accounts, consumer and mortgage lending, business financing, payment services, card products, investment services and insurance-related offerings.

The bank serves customers primarily in Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Through its digital channels, branches and other distribution networks, Swedbank offers everyday banking, savings and investment products, as well as services for corporate cash management, payments and capital financing.

Swedbank’s history is rooted in Sweden’s savings-bank movement, which dates back to the early 19th century.