Swedbank AB (OTCMKTS:SWDBY) Short Interest Down 20.5% in March

Swedbank AB (OTCMKTS:SWDBY) saw a large decrease in short interest in March. As of March 31st, there was short interest totaling 31,492 shares, a decrease of 20.5% from the March 15th total of 39,588 shares. Based on an average daily volume of 90,311 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

Swedbank Stock Down 0.5%

Shares of OTCMKTS:SWDBY opened at SEK 36.12 on Friday. The stock has a market capitalization of $40.65 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 5.37 and a beta of 0.72. Swedbank has a 1-year low of SEK 21.84 and a 1-year high of SEK 40.58. The company’s fifty day moving average is SEK 36.60 and its two-hundred day moving average is SEK 34.50. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.50 and a current ratio of 1.51.

Swedbank (OTCMKTS:SWDBY) last issued its earnings results on Thursday, January 29th. The financial services provider reported SEK 0.77 earnings per share for the quarter, topping analysts’ consensus estimates of SEK 0.67 by SEK 0.10. The company had revenue of SEK 1.84 billion for the quarter, compared to analysts’ expectations of SEK 1.79 billion. Swedbank had a net margin of 30.27% and a return on equity of 15.50%. Equities analysts anticipate that Swedbank will post 2.34 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SWDBY shares. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a research report on Tuesday, January 20th. Zacks Research lowered Swedbank from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a research report on Thursday, February 12th. Three equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

Swedbank Company Profile

Swedbank AB is a major Swedish banking group headquartered in Stockholm that provides a broad range of financial services to retail, corporate and institutional clients. The bank’s operations focus on traditional banking functions such as deposit-taking, lending and payment services, as well as wealth management and insurance solutions. Swedbank’s franchise is centered on serving households, small and medium-sized enterprises and larger corporate customers, with an emphasis on everyday banking and long-term client relationships.

Products and services offered by Swedbank include savings and current accounts, mortgages and consumer lending, business loans and transaction banking, payment and card services, and digital banking platforms.