Norsk Hydro ASA (OTCMKTS:NHYDY) Short Interest Update

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) was the recipient of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 8,600 shares, a decline of 74.9% from the January 31st total of 34,300 shares. Based on an average daily volume of 282,000 shares, the days-to-cover ratio is currently 0.0 days.

Norsk Hydro ASA Stock Performance

Shares of OTCMKTS NHYDY traded down $0.11 during mid-day trading on Tuesday, hitting $5.82. The company had a trading volume of 96,626 shares, compared to its average volume of 169,818. Norsk Hydro ASA has a 12 month low of $4.95 and a 12 month high of $6.98. The stock has a market cap of $11.69 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 0.26 and a beta of 1.53. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.60 and a quick ratio of 1.07. The firm's 50 day simple moving average is $5.79 and its two-hundred day simple moving average is $5.91.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last posted its earnings results on Friday, February 14th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.18). Norsk Hydro ASA had a net margin of 2.79% and a return on equity of 8.68%. The company had revenue of $5.16 billion during the quarter. As a group, equities research analysts forecast that Norsk Hydro ASA will post 0.72 earnings per share for the current year.

Remove Ads

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NHYDY. Royal Bank of Canada cut shares of Norsk Hydro ASA from a "moderate buy" rating to a "hold" rating in a report on Tuesday, January 21st. Citigroup raised shares of Norsk Hydro ASA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 11th.

About Norsk Hydro ASA

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.