Swedbank AB (OTCMKTS:SWDBY) Short Interest Down 89.1% in January

Swedbank AB (OTCMKTS:SWDBY) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 2,539 shares, a drop of 89.1% from the January 15th total of 23,280 shares. Based on an average daily volume of 33,585 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 33,585 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

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

Swedbank Price Performance

SWDBY opened at SEK 39.85 on Thursday. The stock has a 50-day moving average price of SEK 36.24 and a 200-day moving average price of SEK 31.96. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a market cap of $44.84 billion, a PE ratio of 13.46 and a beta of 0.67. Swedbank has a 1 year low of SEK 19.16 and a 1 year high of SEK 40.58.

Swedbank (OTCMKTS:SWDBY) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported SEK 0.77 EPS for the quarter, beating the consensus estimate of SEK 0.67 by SEK 0.10. The company had revenue of SEK 1.84 billion for the quarter, compared to the consensus estimate of SEK 1.79 billion. Swedbank had a net margin of 30.27% and a return on equity of 15.87%. Sell-side analysts predict that Swedbank will post 2.34 earnings per share for the current fiscal year.

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.