Swedbank AB (OTCMKTS:SWDBY) Short Interest Up 169.9% in January

Swedbank AB (OTCMKTS:SWDBY) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 23,280 shares, a growth of 169.9% from the December 31st total of 8,624 shares. Based on an average trading volume of 34,105 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 34,105 shares, the days-to-cover ratio is currently 0.7 days.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SWDBY. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a report on Tuesday, January 20th. Morgan Stanley restated an “underweight” rating on shares of Swedbank in a research report on Monday, November 24th. The Goldman Sachs Group downgraded shares of Swedbank from a “hold” rating to a “sell” rating in a report on Thursday, December 4th. Zacks Research cut shares of Swedbank from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, Barclays restated an “underweight” rating on shares of Swedbank in a research report on Wednesday, December 10th. Four equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

Swedbank Stock Performance

Shares of SWDBY opened at SEK 39.21 on Thursday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 3.83. Swedbank has a 52-week low of SEK 19.16 and a 52-week high of SEK 40.22. The company has a 50-day simple moving average of SEK 34.58 and a 200-day simple moving average of SEK 31.02. The company has a market capitalization of $44.12 billion, a PE ratio of 13.57 and a beta of 0.66.

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.