Short Interest in Swedbank AB (publ) (OTCMKTS:SWDBY) Declines By 74.8%

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 7,500 shares, a decrease of 74.8% from the March 31st total of 29,800 shares. Based on an average daily volume of 115,900 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Swedbank AB (publ) Stock Performance

Shares of Swedbank AB (publ) stock opened at SEK 23.72 on Friday. The firm has a fifty day moving average of SEK 23.78 and a two-hundred day moving average of SEK 21.66. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.50 and a current ratio of 1.52. The stock has a market capitalization of $26.69 billion, a price-to-earnings ratio of 8.10, a PEG ratio of 0.93 and a beta of 0.78. Swedbank AB has a 52 week low of SEK 18.71 and a 52 week high of SEK 26.56.

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) last posted its earnings results on Thursday, January 23rd. The financial services provider reported SEK 0.70 earnings per share (EPS) for the quarter. Swedbank AB (publ) had a return on equity of 16.95% and a net margin of 23.64%. As a group, equities research analysts predict that Swedbank AB will post 2.34 EPS for the current year.

Swedbank AB (publ) Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, April 14th. Investors of record on Friday, March 28th were issued a dividend of $1.9773 per share. This is a positive change from Swedbank AB (publ)'s previous dividend of $1.48. The ex-dividend date was Friday, March 28th. Swedbank AB (publ)'s dividend payout ratio (DPR) is presently 68.94%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SWDBY. Barclays cut shares of Swedbank AB (publ) from a "hold" rating to a "strong sell" rating in a research report on Monday, February 3rd. Citigroup lowered Swedbank AB (publ) from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 31st. Finally, Hsbc Global Res lowered Swedbank AB (publ) from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th.

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.

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