Swedbank AB (publ) (OTCMKTS:SWDBF) Sees Significant Increase in Short Interest

Swedbank AB (publ) (OTCMKTS:SWDBF) was the recipient of a large growth in short interest in August. As of August 15th, there was short interest totalling 2,339,000 shares, a growth of 35.1% from the July 31st total of 1,731,300 shares. Based on an average trading volume of 3,000 shares, the days-to-cover ratio is presently 779.7 days.

Swedbank AB (publ) Trading Down 0.9 %

Shares of OTCMKTS:SWDBF opened at $21.40 on Friday. The company’s fifty day moving average price is $20.19 and its 200 day moving average price is $20.50. Swedbank AB has a 12 month low of $15.90 and a 12 month high of $22.68.

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.