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

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

Swedbank AB (publ) Stock Performance

Shares of SWDBY stock opened at SEK 20.21 on Friday. Swedbank AB has a 1 year low of SEK 15.80 and a 1 year high of SEK 22.84. The business has a fifty day moving average of SEK 20.79 and a 200 day moving average of SEK 20.46. The company has a debt-to-equity ratio of 4.52, a quick ratio of 1.53 and a current ratio of 1.53.

Swedbank AB (publ) (OTCMKTS:SWDBY) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported SEK 0.80 EPS for the quarter, beating analysts’ consensus estimates of SEK 0.68 by SEK 0.12. The firm had revenue of SEK 3.37 billion for the quarter. Swedbank AB (publ) had a return on equity of 17.66% and a net margin of 25.41%. Equities research analysts anticipate that Swedbank AB will post 2.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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.