National Bank of Canada (OTCMKTS:NTIOF) Sees Large Decrease in Short Interest

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) saw a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 5,122,700 shares, a decline of 42.8% from the January 31st total of 8,953,400 shares. Based on an average trading volume of 167,600 shares, the days-to-cover ratio is presently 30.6 days.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on NTIOF shares. Cormark lowered National Bank of Canada from a "moderate buy" rating to a "hold" rating in a report on Friday, February 21st. Barclays lowered National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 21st. Finally, 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.

National Bank of Canada Stock Performance

OTCMKTS NTIOF traded down $0.15 on Wednesday, reaching $81.07. 41,019 shares of the company's stock traded hands, compared to its average volume of 92,489. National Bank of Canada has a fifty-two week low of $76.77 and a fifty-two week high of $100.08. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market cap of $31.72 billion, a price-to-earnings ratio of 10.33 and a beta of 1.07. The stock has a 50 day moving average price of $89.25 and a 200-day moving average price of $92.44.

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National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last issued its earnings results on Wednesday, December 4th. The financial services provider reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.05. National Bank of Canada had a return on equity of 17.21% and a net margin of 24.65%. Equities research analysts predict that National Bank of Canada will post 7.63 EPS for the current fiscal year.

National Bank of Canada Increases Dividend

The company also recently declared a dividend, which was paid on Saturday, February 1st. Investors of record on Tuesday, December 31st were issued a dividend of $0.8104 per share. The ex-dividend date was Monday, December 30th. This is an increase from National Bank of Canada's previous dividend of $0.81. This represents a yield of 3.53%. National Bank of Canada's dividend payout ratio is 39.67%.

About National Bank of Canada

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.