Nordea Bank Abp (OTCMKTS:NRDBY) Sees Large Increase in Short Interest

Nordea Bank Abp (OTCMKTS:NRDBY) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 105,900 shares, a growth of 20.6% from the February 28th total of 87,800 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,253,300 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

NRDBY has been the subject of a number of research analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Nordea Bank Abp in a research report on Friday, March 7th. Barclays reiterated an “overweight” rating on shares of Nordea Bank Abp in a research note on Monday, February 3rd.

Nordea Bank Abp Stock Down 0.5 %

Nordea Bank Abp stock opened at $12.79 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.27 and a debt-to-equity ratio of 6.03. The company has a market capitalization of $44.65 billion, a P/E ratio of 8.25, a P/E/G ratio of 0.88 and a beta of 0.94. The firm has a 50 day moving average price of $13.03 and a 200-day moving average price of $12.01. Nordea Bank Abp has a twelve month low of $10.30 and a twelve month high of $14.57.

Nordea Bank Abp (OTCMKTS:NRDBY) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. Nordea Bank Abp had a return on equity of 16.29% and a net margin of 19.84%. As a group, equities analysts predict that Nordea Bank Abp will post 1.4 EPS for the current year.

Nordea Bank Abp Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, April 7th. Investors of record on Monday, March 24th will be paid a $0.9791 dividend. The ex-dividend date of this dividend is Monday, March 24th. Nordea Bank Abp’s dividend payout ratio is currently 29.03%.

Nordea Bank Abp Company Profile

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management segments. The Personal Banking segment provides various financial services to customers through mobile banking, over the phone, online meetings, and branch offices.