Norsk Hydro ASA (OTCMKTS:NHYDY) Short Interest Update

Norsk Hydro ASA (OTCMKTS:NHYDY) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 6,691 shares, a decrease of 98.9% from the July 15th total of 589,746 shares. Based on an average daily volume of 855,668 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Citigroup reiterated a “neutral” rating on shares of Norsk Hydro ASA in a report on Tuesday, May 26th. Morgan Stanley restated an “equal weight” rating on shares of Norsk Hydro ASA in a research report on Thursday, April 16th. Zacks Research lowered Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Danske cut Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Norsk Hydro ASA in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Norsk Hydro ASA Trading Down 2.0%

Shares of NHYDY traded down $0.20 during mid-day trading on Tuesday, reaching $9.74. The stock had a trading volume of 101,956 shares, compared to its average volume of 496,017. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.73 and a quick ratio of 1.14. Norsk Hydro ASA has a 52-week low of $6.20 and a 52-week high of $13.02. The business’s fifty day moving average is $9.73 and its 200 day moving average is $10.11. The firm has a market cap of $19.27 billion, a price-to-earnings ratio of 18.66, a P/E/G ratio of 1.80 and a beta of 1.02.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its earnings results on Wednesday, July 22nd. The industrial products company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.74 billion. Norsk Hydro ASA had a net margin of 4.90% and a return on equity of 12.01%. On average, sell-side analysts predict that Norsk Hydro ASA will post 0.9 EPS for the current fiscal year.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.