Northern Trust Co. (NASDAQ:NTRSO) Sees Large Growth in Short Interest

Northern Trust Co. (NASDAQ:NTRSO) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 109,056 shares, an increase of 581.6% from the June 15th total of 15,999 shares. Based on an average daily volume of 94,424 shares, the days-to-cover ratio is presently 1.2 days.

Northern Trust Stock Performance

Northern Trust stock traded down $0.10 during mid-day trading on Monday, hitting $18.63. The company had a trading volume of 38,419 shares, compared to its average volume of 41,729. Northern Trust has a 1 year low of $18.24 and a 1 year high of $21.15. The business has a fifty day moving average of $18.78 and a 200 day moving average of $19.21.

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were paid a $0.2938 dividend. This represents a $1.18 annualized dividend and a yield of 6.3%. The ex-dividend date was Monday, June 15th.

Northern Trust Company Profile

Northern Trust Corporation is a leading global financial services firm specializing in asset servicing, asset management, wealth management and banking solutions. The company provides custody and fund administration, investment management, fiduciary and trust services, treasury management and related investment operations for institutions, affluent families, and high-net-worth individuals. Its platform supports a wide range of asset classes including equities, fixed income, alternatives and private markets, and delivers clearing and execution, performance measurement, accounting, and regulatory reporting solutions.

Founded in Chicago in 1889, Northern Trust has expanded to serve clients across North America, Europe, the Middle East and the Asia-Pacific region.