Short Interest in Nordea Bank Abp (OTCMKTS:NRDBY) Grows By 283.5%

Nordea Bank Abp (OTCMKTS:NRDBY) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 207,500 shares, a growth of 283.5% from the March 31st total of 54,100 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 860,500 shares, the days-to-cover ratio is currently 0.2 days.

Nordea Bank Abp Trading Up 1.3 %

Shares of NRDBY stock traded up $0.17 during trading hours on Tuesday, reaching $13.70. The company had a trading volume of 469,047 shares, compared to its average volume of 458,942. The firm has a market cap of $47.83 billion, a price-to-earnings ratio of 8.84, a P/E/G ratio of 0.88 and a beta of 0.77. The company has a 50 day moving average of $13.15 and a 200 day moving average of $12.13. The company has a debt-to-equity ratio of 6.03, a current ratio of 1.27 and a quick ratio of 1.29. Nordea Bank Abp has a 1-year low of $10.30 and a 1-year high of $14.57.

Nordea Bank Abp (OTCMKTS:NRDBY) last posted its quarterly earnings data on Wednesday, April 16th. The company reported $0.36 earnings per share (EPS) for the quarter. The company had revenue of $3.13 billion for the quarter. Nordea Bank Abp had a net margin of 19.84% and a return on equity of 16.29%. On average, equities research analysts anticipate that Nordea Bank Abp will post 1.4 EPS for the current year.

Nordea Bank Abp Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, April 7th. Stockholders of record on Monday, March 24th were paid a dividend of $0.9791 per share. The ex-dividend date of this dividend was Monday, March 24th. Nordea Bank Abp’s dividend payout ratio (DPR) is currently 30.67%.

Wall Street Analyst Weigh In

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

About Nordea Bank Abp

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.