ABN AMRO Bank (OTCMKTS:AAVMY) Sees Large Increase in Short Interest

ABN AMRO Bank (OTCMKTS:AAVMY) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 13,079 shares, an increase of 64.0% from the July 30th total of 7,973 shares. Based on an average daily volume of 32,316 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. ABN Amro upgraded ABN AMRO Bank from a “neutral” rating to a “buy” rating in a report on Tuesday, June 2nd. Citigroup reissued a “buy” rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Royal Bank Of Canada restated an “outperform” rating on shares of ABN AMRO Bank in a report on Thursday, August 13th. Morgan Stanley reissued an “overweight” rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Finally, Zacks Research upgraded ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

ABN AMRO Bank Trading Down 1.0%

ABN AMRO Bank stock opened at $47.93 on Wednesday. The business’s 50-day simple moving average is $44.96 and its 200-day simple moving average is $38.76. ABN AMRO Bank has a 52 week low of $28.46 and a 52 week high of $48.66. The firm has a market capitalization of $39.32 billion and a PE ratio of 14.79. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.14 and a current ratio of 1.14.

ABN AMRO Bank (OTCMKTS:AAVMY) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.67 billion. ABN AMRO Bank had a return on equity of 9.16% and a net margin of 14.22%. Equities research analysts forecast that ABN AMRO Bank will post 3.42 earnings per share for the current year.

ABN AMRO Bank Company Profile

ABN AMRO Bank N.V. is a leading Dutch banking institution headquartered in Amsterdam. The bank traces its origins to the 1991 merger of Algemene Bank Nederland and AMRO Bank, forming one of the Netherlands’ largest financial services providers. Over the decades, ABN AMRO has developed a comprehensive portfolio of banking and financial solutions, positioning itself as a key player in both domestic and international markets.

The bank operates across several core segments, including retail banking, private banking, commercial banking, and corporate & institutional banking.