Swedbank AB (publ) (OTCMKTS:SWDBY) Sees Large Increase in Short Interest

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 29,800 shares, an increase of 562.2% from the March 15th total of 4,500 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 43,700 shares, the days-to-cover ratio is presently 0.7 days.

Swedbank AB (publ) Stock Performance

SWDBY stock traded up SEK 0.50 during mid-day trading on Friday, hitting SEK 22.89. 22,700 shares of the company were exchanged, compared to its average volume of 29,240. Swedbank AB has a 1-year low of SEK 18.52 and a 1-year high of SEK 26.56. The business has a 50 day simple moving average of SEK 23.83 and a 200-day simple moving average of SEK 21.55. The company has a current ratio of 1.52, a quick ratio of 1.50 and a debt-to-equity ratio of 3.63. The stock has a market capitalization of $25.76 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 0.93 and a beta of 0.78.

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 for the quarter. Swedbank AB (publ) had a return on equity of 16.95% and a net margin of 23.64%. On average, equities analysts forecast that Swedbank AB will post 2.34 earnings per share for the current year.

Swedbank AB (publ) Increases Dividend

The company also recently declared a dividend, which was paid on Monday, April 14th. Investors of record on Friday, March 28th were given 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 of this dividend was Friday, March 28th. Swedbank AB (publ)'s dividend payout ratio (DPR) is currently 68.94%.

Wall Street Analysts Forecast Growth

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