National Bank of Canada (OTCMKTS:NTIOF) Short Interest Up 26.5% in February

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 6,478,600 shares, an increase of 26.5% from the February 13th total of 5,122,700 shares. Approximately 1.7% of the company's shares are short sold. Based on an average daily trading volume, of 87,400 shares, the days-to-cover ratio is presently 74.1 days.

National Bank of Canada Stock Up 0.2 %

Shares of OTCMKTS NTIOF traded up $0.16 during mid-day trading on Friday, reaching $82.61. 193,939 shares of the company's stock traded hands, compared to its average volume of 86,888. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76. The business has a 50-day simple moving average of $86.61 and a 200 day simple moving average of $91.68. The stock has a market cap of $32.32 billion, a P/E ratio of 10.52 and a beta of 1.09. National Bank of Canada has a 1-year low of $76.77 and a 1-year high of $100.08.

National Bank of Canada Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 1st will be given a dividend of $0.7975 per share. This represents a dividend yield of 3.86%. The ex-dividend date of this dividend is Monday, March 31st. National Bank of Canada's payout ratio is currently 39.92%.

Analyst Ratings Changes

Several research analysts have recently weighed in on NTIOF shares. CIBC reissued a "neutral" rating on shares of National Bank of Canada in a research report on Wednesday, March 5th. Cormark cut National Bank of Canada from a "moderate buy" rating to a "hold" rating in a report on Friday, February 21st. Finally, Cibc World Mkts lowered shares of National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th.

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National Bank of Canada Company Profile

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.