National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 14,911,900 shares, a growth of 130.2% from the February 28th total of 6,478,600 shares. Currently, 3.8% of the company's stock are sold short. Based on an average daily volume of 67,400 shares, the days-to-cover ratio is presently 221.2 days.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on NTIOF shares. CIBC reaffirmed a "neutral" rating on shares of National Bank of Canada in a research note 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 research report on Tuesday, February 18th. Finally, Cormark downgraded shares of National Bank of Canada from a "moderate buy" rating to a "hold" rating in a research report on Friday, February 21st.
Read Our Latest Report on NTIOF
National Bank of Canada Stock Down 0.9 %
Shares of OTCMKTS:NTIOF traded down $0.78 on Monday, reaching $83.30. The company had a trading volume of 119,679 shares, compared to its average volume of 85,560. The stock has a market capitalization of $32.59 billion, a P/E ratio of 10.61 and a beta of 1.09. The stock has a 50-day moving average price of $85.87 and a 200 day moving average price of $91.40. National Bank of Canada has a twelve month low of $76.77 and a twelve month high of $100.08. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06.
National Bank of Canada Cuts Dividend
The business also recently announced a dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.7975 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a yield of 3.86%. National Bank of Canada's payout ratio is currently 39.92%.
About National Bank of Canada
(
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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.
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