Swedbank AB (OTCMKTS:SWDBY) Short Interest Up 29.9% in April

Swedbank AB (OTCMKTS:SWDBY) saw a large growth in short interest in April. As of April 15th, there was short interest totaling 40,921 shares, a growth of 29.9% from the March 31st total of 31,492 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 70,058 shares, the days-to-cover ratio is presently 0.6 days.

Swedbank Trading Down 0.4%

SWDBY traded down SEK 0.14 during trading on Wednesday, hitting SEK 34.59. 7,655 shares of the stock traded hands, compared to its average volume of 27,299. The firm has a market capitalization of $38.89 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 4.60 and a beta of 0.72. Swedbank has a 12-month low of SEK 24.56 and a 12-month high of SEK 40.58. 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 firm has a 50-day moving average of SEK 36.05 and a 200 day moving average of SEK 34.80.

Swedbank (OTCMKTS:SWDBY) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported SEK 0.71 earnings per share for the quarter. Swedbank had a net margin of 30.27% and a return on equity of 15.50%. Equities research analysts anticipate that Swedbank will post 3.05 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a report on Tuesday, January 20th. Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a report on Thursday, February 12th. Finally, Zacks Research lowered shares of Swedbank from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. Three investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Swedbank presently has a consensus rating of “Reduce”.

Swedbank Company Profile

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.