Short Interest in National Bank of Canada (OTCMKTS:NTIOF) Decreases By 29.0%

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) saw a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 8,953,400 shares, a decrease of 29.0% from the January 15th total of 12,614,500 shares. Based on an average trading volume of 80,500 shares, the short-interest ratio is currently 111.2 days.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Barclays lowered shares of National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 21st. Cibc World Mkts raised National Bank of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 9th. Finally, Cormark raised National Bank of Canada from a "hold" rating to a "moderate buy" rating in a report on Wednesday, January 15th.

National Bank of Canada Price Performance

Shares of NTIOF traded down $1.03 during mid-day trading on Tuesday, reaching $88.32. The company had a trading volume of 65,666 shares, compared to its average volume of 99,831. The company has a market capitalization of $34.55 billion, a price-to-earnings ratio of 11.25 and a beta of 1.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. The company's 50 day simple moving average is $90.96 and its 200 day simple moving average is $92.25. National Bank of Canada has a 1-year low of $76.15 and a 1-year high of $100.08.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last issued its quarterly earnings data on Wednesday, December 4th. The financial services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.84 by $0.05. National Bank of Canada had a net margin of 24.65% and a return on equity of 17.21%. Analysts expect that National Bank of Canada will post 7.66 EPS for the current year.

National Bank of Canada Increases Dividend

The company also recently disclosed a dividend, which was paid on Saturday, February 1st. Investors of record on Tuesday, December 31st were issued a dividend of $0.8104 per share. This is an increase from National Bank of Canada's previous dividend of $0.81. The ex-dividend date of this dividend was Monday, December 30th. This represents a dividend yield of 3.53%. National Bank of Canada's dividend payout ratio (DPR) is 41.02%.

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.