Norsk Hydro ASA (OTCMKTS:NHYDY) Sees Significant Drop in Short Interest

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 600 shares, a decrease of 97.5% from the December 31st total of 24,300 shares. Based on an average daily trading volume, of 393,000 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Barclays upgraded shares of Norsk Hydro ASA to a "strong-buy" rating in a research report on Wednesday, October 16th. Royal Bank of Canada downgraded shares of Norsk Hydro ASA from a "moderate buy" rating to a "hold" rating in a report on Tuesday, January 21st. Finally, Citigroup raised shares of Norsk Hydro ASA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 11th.

Norsk Hydro ASA Trading Up 2.8 %

Shares of NHYDY traded up $0.16 on Friday, hitting $5.96. 121,359 shares of the stock traded hands, compared to its average volume of 209,658. The company has a quick ratio of 1.07, a current ratio of 1.60 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $11.97 billion, a P/E ratio of 99.33, a P/E/G ratio of 0.16 and a beta of 1.54. The stock's 50 day moving average is $5.81 and its two-hundred day moving average is $5.84. Norsk Hydro ASA has a 1 year low of $4.95 and a 1 year high of $6.98.

Norsk Hydro ASA Company Profile

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.