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

Swedbank AB (publ) (OTCMKTS:SWDBY) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 4,500 shares, a decrease of 78.9% from the February 28th total of 21,300 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 39,200 shares, the short-interest ratio is presently 0.1 days.

Swedbank AB (publ) Trading Down 1.9 %

Shares of OTCMKTS SWDBY traded down SEK 0.51 during midday trading on Wednesday, hitting SEK 25.71. 35,971 shares of the company traded hands, compared to its average volume of 23,242. The stock has a 50-day moving average price of SEK 23.75 and a 200 day moving average price of SEK 21.45. 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 firm has a market cap of $28.93 billion, a P/E ratio of 8.77, a P/E/G ratio of 0.93 and a beta of 0.93. Swedbank AB has a 12-month low of SEK 18.52 and a 12-month high of SEK 26.56.

Swedbank AB (publ) (OTCMKTS:SWDBY) last issued its quarterly 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 net margin of 23.64% and a return on equity of 16.95%. As a group, analysts expect 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. Stockholders of record on Friday, March 28th will be paid a $1.9773 dividend. This is a boost 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 dividend payout ratio is currently 46.08%.

Wall Street Analyst Weigh In

Separately, Barclays lowered 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.