Short Interest in Nordea Bank Abp (OTCMKTS:NRDBY) Expands By 20.6%

Nordea Bank Abp (OTCMKTS:NRDBY - Get Free Report) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 105,900 shares, an increase of 20.6% from the February 28th total of 87,800 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 1,253,300 shares, the days-to-cover ratio is presently 0.1 days.

Nordea Bank Abp Price Performance

Shares of OTCMKTS NRDBY traded down $1.12 during midday trading on Monday, hitting $11.49. The company had a trading volume of 414,628 shares, compared to its average volume of 400,655. The business has a 50-day simple moving average of $13.04 and a two-hundred day simple moving average of $12.02. The company has a quick ratio of 1.29, a current ratio of 1.27 and a debt-to-equity ratio of 6.03. The firm has a market capitalization of $40.11 billion, a price-to-earnings ratio of 7.41, a price-to-earnings-growth ratio of 0.88 and a beta of 0.77. Nordea Bank Abp has a twelve month low of $10.30 and a twelve month high of $14.57.

Nordea Bank Abp (OTCMKTS:NRDBY - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. Nordea Bank Abp had a net margin of 19.84% and a return on equity of 16.29%. Equities research analysts anticipate that Nordea Bank Abp will post 1.4 earnings per share for the current year.

Nordea Bank Abp Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 7th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.9791 per share. The ex-dividend date of this dividend is Monday, March 24th. Nordea Bank Abp's dividend payout ratio (DPR) is currently 29.68%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NRDBY shares. Barclays reaffirmed an "overweight" rating on shares of Nordea Bank Abp in a research report on Monday, February 3rd. Morgan Stanley reaffirmed an "overweight" rating on shares of Nordea Bank Abp in a research report on Friday, March 7th.

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.