Short Interest in Norsk Hydro ASA (OTCMKTS:NHYDY) Expands By 342.6%

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 30,100 shares, an increase of 342.6% from the March 15th total of 6,800 shares. Based on an average daily volume of 250,600 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Norsk Hydro ASA Trading Up 2.4 %

Shares of NHYDY stock traded up $0.12 during trading on Friday, hitting $5.09. 291,120 shares of the stock traded hands, compared to its average volume of 233,965. The firm has a market capitalization of $10.23 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 0.26 and a beta of 1.45. Norsk Hydro ASA has a 52-week low of $4.50 and a 52-week high of $6.98. 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 fifty day moving average price is $5.81 and its 200-day moving average price is $5.93.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last issued its quarterly earnings data 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 return on equity of 8.68% and a net margin of 2.79%. The business had revenue of $5.16 billion for the quarter. As a group, research analysts forecast that Norsk Hydro ASA will post 0.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NHYDY. Royal Bank of Canada downgraded Norsk Hydro ASA from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, January 21st. The Goldman Sachs Group cut shares of Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 10th.

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.