Swedbank AB (OTCMKTS:SWDBY) Short Interest Up 34.2% in February

Swedbank AB (OTCMKTS:SWDBY) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 19,358 shares, a growth of 34.2% from the February 12th total of 14,429 shares. Based on an average daily volume of 30,578 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 30,578 shares, the short-interest ratio is currently 0.6 days.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Zacks Research upgraded shares of Swedbank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. The Goldman Sachs Group cut shares of Swedbank from a “hold” rating to a “sell” rating in a research note on Thursday, December 4th. Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a research report on Thursday, February 12th. Citigroup restated a “neutral” rating on shares of Swedbank in a research note on Tuesday, January 20th. Finally, Barclays reaffirmed an “underweight” rating on shares of Swedbank in a report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Swedbank Stock Performance

Swedbank stock opened at SEK 35.93 on Tuesday. Swedbank has a 1 year low of SEK 19.16 and a 1 year high of SEK 40.58. The firm’s 50 day moving average price is SEK 37.91 and its 200-day moving average price is SEK 33.56. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.51 and a quick ratio of 1.50. The stock has a market cap of $40.43 billion, a P/E ratio of 12.14 and a beta of 0.69.

Swedbank (OTCMKTS:SWDBY) last issued its earnings results on Thursday, January 29th. The financial services provider reported SEK 0.77 earnings per share for the quarter, topping analysts’ consensus estimates of SEK 0.67 by SEK 0.10. The firm had revenue of SEK 1.84 billion during the quarter, compared to analyst estimates of SEK 1.79 billion. Swedbank had a net margin of 30.27% and a return on equity of 15.50%. On average, equities analysts predict that Swedbank will post 2.34 earnings per share for the current fiscal year.

About Swedbank

Swedbank AB is a major Swedish banking group headquartered in Stockholm that provides a broad range of financial services to retail, corporate and institutional clients. The bank’s operations focus on traditional banking functions such as deposit-taking, lending and payment services, as well as wealth management and insurance solutions. Swedbank’s franchise is centered on serving households, small and medium-sized enterprises and larger corporate customers, with an emphasis on everyday banking and long-term client relationships.

Products and services offered by Swedbank include savings and current accounts, mortgages and consumer lending, business loans and transaction banking, payment and card services, and digital banking platforms.