Short Interest in Nordea Bank AB (OTCMKTS:NRDBY) Drops By 99.9%

Nordea Bank AB (OTCMKTS:NRDBY) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 384 shares, a decrease of 99.9% from the May 31st total of 263,906 shares. Based on an average daily volume of 2,688,980 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

NRDBY has been the topic of several research analyst reports. Citigroup restated a “buy” rating on shares of Nordea Bank in a research report on Thursday, April 23rd. Morgan Stanley reiterated an “overweight” rating on shares of Nordea Bank in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Nordea Bank Price Performance

OTCMKTS NRDBY traded down $0.01 during trading on Thursday, reaching $18.43. 2,981,285 shares of the company traded hands, compared to its average volume of 1,650,012. Nordea Bank has a 1-year low of $13.91 and a 1-year high of $20.61. The company has a market cap of $62.71 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 1.84 and a beta of 0.63. The stock’s 50 day moving average price is $18.70 and its two-hundred day moving average price is $18.80. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.23 and a current ratio of 1.23.

Nordea Bank (OTCMKTS:NRDBY) last issued its earnings results on Wednesday, April 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The company had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.37 billion. Nordea Bank had a return on equity of 15.24% and a net margin of 22.65%. As a group, analysts anticipate that Nordea Bank will post 1.65 EPS for the current year.

About Nordea Bank

Nordea Bank is a leading financial services group focused on serving retail, corporate and institutional customers across the Nordic region. The bank’s core activities include retail and commercial banking, corporate and institutional banking, asset and wealth management, and related financial services such as payments, cash management and trade finance. Nordea delivers these services through branch and digital channels, aiming to provide integrated banking solutions for everyday consumers, small and medium enterprises, and large corporations.

Product offerings span deposit and lending products including mortgages and consumer loans, transaction banking and treasury services for corporate clients, investment and pension solutions through its asset management businesses, and wealth management services for private clients.