Swedbank AB (publ) (OTCMKTS:SWDBF) Sees Large Growth in Short Interest

Swedbank AB (publ) (OTCMKTS:SWDBF) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 5,832,100 shares, an increase of 42.7% from the October 15th total of 4,088,300 shares. Based on an average daily volume of 900 shares, the short-interest ratio is presently 6,480.1 days.

Swedbank AB (publ) Price Performance

Swedbank AB (publ) stock remained flat at $19.33 during trading hours on Friday. 30 shares of the company’s stock were exchanged, compared to its average volume of 1,351. Swedbank AB has a 1-year low of $17.35 and a 1-year high of $22.68. The company’s 50 day simple moving average is $20.46 and its two-hundred day simple moving average is $20.32.

Swedbank AB (publ) Company Profile

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.