Nordea Bank Abp (OTCMKTS:NRDBY) Short Interest Up 283.5% in April

Nordea Bank Abp (OTCMKTS:NRDBY) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 207,500 shares, an increase of 283.5% from the March 31st total of 54,100 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 860,500 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NRDBY shares. Barclays reiterated an “overweight” rating on shares of Nordea Bank Abp in a research report on Monday, February 3rd. Morgan Stanley reiterated an “overweight” rating on shares of Nordea Bank Abp in a report on Friday, March 7th.

Nordea Bank Abp Trading Up 1.3 %

Nordea Bank Abp stock traded up $0.17 during mid-day trading on Tuesday, reaching $13.70. 469,047 shares of the company traded hands, compared to its average volume of 458,942. The firm’s 50 day moving average price is $13.15 and its 200 day moving average price is $12.13. Nordea Bank Abp has a 52-week low of $10.30 and a 52-week high of $14.57. 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 firm has a market capitalization of $47.83 billion, a price-to-earnings ratio of 8.84, a P/E/G ratio of 0.88 and a beta of 0.77.

Nordea Bank Abp (OTCMKTS:NRDBY) last announced its quarterly earnings results on Wednesday, April 16th. The company reported $0.36 EPS for the quarter. Nordea Bank Abp had a net margin of 19.84% and a return on equity of 16.29%. The firm had revenue of $3.13 billion during the quarter. On average, analysts anticipate that Nordea Bank Abp will post 1.4 earnings per share for the current fiscal year.

Nordea Bank Abp Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, April 7th. Stockholders of record on Monday, March 24th were issued a $0.9791 dividend. The ex-dividend date of this dividend was Monday, March 24th. Nordea Bank Abp’s dividend payout ratio (DPR) is currently 30.67%.

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.