Swedbank AB (publ) (OTCMKTS:SWDBY) Short Interest Update

Swedbank AB (publ) (OTCMKTS:SWDBY) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 21,300 shares, an increase of 32.3% from the February 13th total of 16,100 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 54,300 shares, the days-to-cover ratio is currently 0.4 days.

Swedbank AB (publ) Stock Performance

Shares of Swedbank AB (publ) stock opened at SEK 26.01 on Monday. The firm’s fifty day simple moving average is SEK 22.96 and its 200-day simple moving average is SEK 21.22. Swedbank AB has a 12 month low of SEK 18.52 and a 12 month high of SEK 26.50. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.52 and a quick ratio of 1.50. The stock has a market capitalization of $29.27 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 0.93 and a beta of 0.93.

Swedbank AB (publ) (OTCMKTS:SWDBY) 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%. As a group, equities analysts forecast that Swedbank AB will post 2.34 earnings per share for the current year.

Swedbank AB (publ) Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, April 14th. Investors of record on Friday, March 28th will be issued a $1.9773 dividend. This is a positive change from Swedbank AB (publ)’s previous dividend of $1.48. The ex-dividend date of this dividend is Friday, March 28th. Swedbank AB (publ)’s payout ratio is 46.08%.

Analysts Set New Price Targets

Separately, Barclays cut shares of Swedbank AB (publ) from a “hold” rating to a “strong sell” rating in a report on Monday, February 3rd.

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.