National Bank of Canada (OTCMKTS:NTIOF) Short Interest Up 26.5% in February

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 6,478,600 shares, an increase of 26.5% from the February 13th total of 5,122,700 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 87,400 shares, the short-interest ratio is currently 74.1 days.

National Bank of Canada Price Performance

Shares of National Bank of Canada stock traded down $0.03 during midday trading on Friday, reaching $82.45. The company had a trading volume of 42,155 shares, compared to its average volume of 84,890. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $32.26 billion, a price-to-earnings ratio of 10.50 and a beta of 1.09. The stock has a fifty day simple moving average of $86.78 and a 200 day simple moving average of $91.75. National Bank of Canada has a 1-year low of $76.77 and a 1-year high of $100.08.

National Bank of Canada Increases Dividend

The firm also recently declared a dividend, which was paid on Saturday, February 1st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.8104 per share. The ex-dividend date was Monday, December 30th. This is a boost from National Bank of Canada's previous dividend of $0.81. This represents a yield of 3.53%. National Bank of Canada's payout ratio is 39.92%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NTIOF shares. CIBC reaffirmed a "neutral" rating on shares of National Bank of Canada in a report on Wednesday, March 5th. Cibc World Mkts lowered shares of National Bank of Canada from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Cormark lowered shares of National Bank of Canada from a "moderate buy" rating to a "hold" rating in a report on Friday, February 21st. Finally, Barclays lowered shares of National Bank of Canada from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 21st.

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About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.