National Bank of Canada (OTCMKTS:NTIOF) Short Interest Update

National Bank of Canada (OTCMKTS:NTIOF) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 14,911,900 shares, a growth of 130.2% from the February 28th total of 6,478,600 shares. Currently, 3.8% of the company’s shares are short sold. Based on an average trading volume of 67,400 shares, the days-to-cover ratio is presently 221.2 days.

National Bank of Canada Trading Down 0.9 %

Shares of National Bank of Canada stock traded down $0.78 during trading on Friday, reaching $83.30. 119,679 shares of the stock were exchanged, compared to its average volume of 85,560. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. The firm has a market cap of $32.59 billion, a price-to-earnings ratio of 10.61 and a beta of 1.09. National Bank of Canada has a 1 year low of $76.77 and a 1 year high of $100.08. The stock’s fifty day moving average is $85.87 and its 200 day moving average is $91.41.

National Bank of Canada Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 1st will be issued a $0.7975 dividend. This represents a yield of 3.86%. The ex-dividend date of this dividend is Monday, March 31st. National Bank of Canada’s dividend payout ratio (DPR) is currently 39.92%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Cibc World Mkts cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Cormark downgraded shares of National Bank of Canada from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, CIBC reiterated a “neutral” rating on shares of National Bank of Canada in a report on Wednesday, March 5th.

About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.