ABN AMRO Bank (OTCMKTS:AAVMY) Sees Significant Drop in Short Interest

ABN AMRO Bank (OTCMKTS:AAVMY) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 7,400 shares, a drop of 30.8% from the March 15th total of 10,700 shares. Based on an average daily trading volume, of 21,000 shares, the days-to-cover ratio is presently 0.4 days.

ABN AMRO Bank Stock Up 0.5 %

Shares of AAVMY opened at $20.66 on Friday. The stock’s fifty day simple moving average is $19.95 and its 200-day simple moving average is $17.43. ABN AMRO Bank has a 12-month low of $14.77 and a 12-month high of $22.09.

ABN AMRO Bank Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 9th. Stockholders of record on Monday, April 28th will be paid a $0.7797 dividend. The ex-dividend date is Monday, April 28th. This is a positive change from ABN AMRO Bank’s previous dividend of $0.51.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Royal Bank of Canada raised shares of ABN AMRO Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, April 4th. Barclays reissued an “overweight” rating on shares of ABN AMRO Bank in a research note on Tuesday. Finally, Morgan Stanley reissued an “underweight” rating on shares of ABN AMRO Bank in a report on Friday, March 7th.

About ABN AMRO Bank

ABN AMRO Bank N.V. provides various banking products and financial services to retail, private, and business clients in the Netherlands and internationally. It operates through three segments: Personal & Business Banking, Wealth Management, and Corporate Banking. The company provides savings and deposits products; investment and insurance products; and consumer, personal, car, and home improvement loan.