Short Interest in Norsk Hydro ASA (OTCMKTS:NHYDY) Expands By 423.1%

Norsk Hydro ASA (OTCMKTS:NHYDY) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 6,800 shares, a growth of 423.1% from the February 28th total of 1,300 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 245,400 shares, the short-interest ratio is presently 0.0 days.

Norsk Hydro ASA Price Performance

OTCMKTS NHYDY traded down $0.21 on Wednesday, reaching $6.15. 51,763 shares of the stock traded hands, compared to its average volume of 162,917. Norsk Hydro ASA has a 12 month low of $4.95 and a 12 month high of $6.98. The company has a quick ratio of 1.07, a current ratio of 1.60 and a debt-to-equity ratio of 0.23. The firm’s fifty day simple moving average is $6.06 and its 200 day simple moving average is $6.01. The company has a market cap of $12.36 billion, a price-to-earnings ratio of 22.78, a P/E/G ratio of 0.26 and a beta of 1.56.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on NHYDY. Citigroup raised shares of Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Royal Bank of Canada lowered shares of Norsk Hydro ASA from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

About Norsk Hydro ASA

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.