Nordea Bank Abp (OTCMKTS:NRDBY) Sees Large Growth in Short Interest

Nordea Bank Abp (OTCMKTS:NRDBY) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 105,900 shares, a growth of 20.6% from the February 28th total of 87,800 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,253,300 shares, the days-to-cover ratio is currently 0.1 days.

Nordea Bank Abp Trading Up 0.5 %

OTCMKTS:NRDBY traded up $0.07 during mid-day trading on Thursday, reaching $12.86. The company’s stock had a trading volume of 135,956 shares, compared to its average volume of 403,157. The company has a debt-to-equity ratio of 6.03, a current ratio of 1.27 and a quick ratio of 1.29. The stock has a market cap of $44.89 billion, a P/E ratio of 8.30, a P/E/G ratio of 0.88 and a beta of 0.94. The company’s fifty day simple moving average is $13.05 and its two-hundred day simple moving average is $12.01. Nordea Bank Abp has a twelve month low of $10.30 and a twelve month high of $14.57.

Nordea Bank Abp (OTCMKTS:NRDBY) last issued its earnings results on Monday, February 3rd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. Nordea Bank Abp had a return on equity of 16.29% and a net margin of 19.84%. On average, equities analysts predict that Nordea Bank Abp will post 1.4 EPS for the current year.

Nordea Bank Abp Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, March 24th will be given a dividend of $0.9791 per share. The ex-dividend date of this dividend is Monday, March 24th. Nordea Bank Abp’s dividend payout ratio (DPR) is 29.03%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Barclays reaffirmed an “overweight” rating on shares of Nordea Bank Abp in a research note on Monday, February 3rd. Morgan Stanley reiterated an “overweight” rating on shares of Nordea Bank Abp in a research report on Friday, March 7th.

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.