Swedbank AB (publ) (OTCMKTS:SWDBY) Short Interest Up 83.1% in November

Swedbank AB (publ) (OTCMKTS:SWDBY) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 16,300 shares, a growth of 83.1% from the October 31st total of 8,900 shares. Based on an average daily volume of 96,800 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Swedbank AB (publ) to a “hold” rating in a report on Friday, September 27th.

Swedbank AB (publ) Stock Up 1.3 %

SWDBY traded up SEK 0.24 on Friday, hitting SEK 19.23. The company had a trading volume of 29,500 shares, compared to its average volume of 18,258. Swedbank AB has a 12-month low of SEK 18.25 and a 12-month high of SEK 22.84. The company has a current ratio of 1.50, a quick ratio of 1.53 and a debt-to-equity ratio of 4.28. The business’s fifty day simple moving average is SEK 20.14 and its 200 day simple moving average is SEK 20.50.

Swedbank AB (publ) (OTCMKTS:SWDBY) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported SEK 0.80 EPS for the quarter, topping the consensus estimate of SEK 0.68 by SEK 0.12. The company had revenue of SEK 3.37 billion during the quarter. Swedbank AB (publ) had a return on equity of 17.38% and a net margin of 25.27%. As a group, equities research analysts predict that Swedbank AB will post 2.65 earnings per share for the current fiscal year.

About Swedbank AB (publ)

Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.