Swedbank AB (publ) (OTCMKTS:SWDBY) Short Interest Up 2,866.7% in October

Swedbank AB (publ) (OTCMKTS:SWDBY) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 8,900 shares, a growth of 2,866.7% from the October 15th total of 300 shares. Based on an average daily volume of 56,200 shares, the days-to-cover ratio is currently 0.2 days.

Swedbank AB (publ) Stock Performance

OTCMKTS:SWDBY traded down SEK 0.29 during trading hours on Thursday, hitting SEK 19.37. 125,000 shares of the company were exchanged, compared to its average volume of 16,919. The stock has a market capitalization of $21.93 billion, a price-to-earnings ratio of 6.63, a PEG ratio of 0.68 and a beta of 0.93. Swedbank AB has a 52-week low of SEK 16.97 and a 52-week high of SEK 22.84. The company has a debt-to-equity ratio of 4.52, a current ratio of 1.53 and a quick ratio of 1.53. The company’s 50 day moving average price is SEK 20.57 and its 200-day moving average price is SEK 20.53.

Swedbank AB (publ) (OTCMKTS:SWDBY) last released its earnings results on Wednesday, October 23rd. The financial services provider reported SEK 0.80 earnings per share for the quarter, topping the consensus estimate of SEK 0.68 by SEK 0.12. The company had revenue of SEK 3.37 billion for the quarter. Swedbank AB (publ) had a net margin of 25.27% and a return on equity of 17.72%. As a group, research analysts forecast that Swedbank AB will post 2.65 earnings per share for the current year.

Analyst Ratings Changes

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

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.