Norsk Hydro ASA (OTCMKTS:NHYDY) Short Interest Update

Norsk Hydro ASA (OTCMKTS:NHYDY) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 8,600 shares, a drop of 74.9% from the January 31st total of 34,300 shares. Based on an average daily volume of 282,000 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Citigroup raised Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Royal Bank of Canada cut Norsk Hydro ASA from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, January 21st.

Norsk Hydro ASA Price Performance

OTCMKTS NHYDY traded up $0.05 during trading hours on Friday, reaching $5.91. 59,966 shares of the company’s stock were exchanged, compared to its average volume of 173,409. The firm has a fifty day moving average of $5.78 and a 200-day moving average of $5.90. Norsk Hydro ASA has a one year low of $4.95 and a one year high of $6.98. The company has a current ratio of 1.60, a quick ratio of 1.07 and a debt-to-equity ratio of 0.23. The stock has a market cap of $11.87 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 0.26 and a beta of 1.53.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its quarterly earnings results on Friday, February 14th. The industrial products company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.18). The company had revenue of $5.16 billion during the quarter. Norsk Hydro ASA had a net margin of 2.79% and a return on equity of 8.68%. On average, equities research analysts predict that Norsk Hydro ASA will post 0.72 earnings per share for the current fiscal year.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.