Swedbank AB (publ) (OTCMKTS:SWDBY) Short Interest Down 97.0% in October

Swedbank AB (publ) (OTCMKTS:SWDBY) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 300 shares, a decline of 97.0% from the September 30th total of 10,000 shares. Based on an average daily trading volume, of 53,700 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

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

Swedbank AB (publ) Trading Up 0.1 %

Shares of OTCMKTS SWDBY traded up SEK 0.02 during trading on Friday, hitting SEK 20.21. 11,500 shares of the company traded hands, compared to its average volume of 15,332. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 4.52. The firm has a market capitalization of $22.88 billion, a P/E ratio of 6.89, a P/E/G ratio of 0.70 and a beta of 0.93. The company has a 50-day moving average price of SEK 20.80 and a 200-day moving average price of SEK 20.47. Swedbank AB has a 1 year low of SEK 15.80 and a 1 year high of SEK 22.84.

Swedbank AB (publ) (OTCMKTS:SWDBY) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported SEK 0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of SEK 0.68 by SEK 0.12. The business had revenue of SEK 3.37 billion during the quarter. Swedbank AB (publ) had a return on equity of 17.66% and a net margin of 25.41%. On average, equities analysts predict that Swedbank AB will post 2.57 EPS for the current 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.