Nordea Bank Abp (OTCMKTS:NRDBY) Short Interest Down 55.0% in February

Nordea Bank Abp (OTCMKTS:NRDBY - Get Free Report) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 87,800 shares, a decline of 55.0% from the February 13th total of 195,100 shares. Based on an average trading volume of 871,400 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Nordea Bank Abp Trading Up 2.1 %

Shares of OTCMKTS NRDBY traded up $0.30 during trading on Monday, hitting $14.29. 547,943 shares of the company were exchanged, compared to its average volume of 417,857. The company has a debt-to-equity ratio of 6.03, a quick ratio of 1.29 and a current ratio of 1.27. Nordea Bank Abp has a 12-month low of $10.30 and a 12-month high of $14.57. The company has a fifty day moving average price of $12.54 and a 200-day moving average price of $11.85. The firm has a market capitalization of $49.88 billion, a PE ratio of 9.22, a P/E/G ratio of 0.88 and a beta of 0.94.

Nordea Bank Abp (OTCMKTS:NRDBY - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. Nordea Bank Abp had a net margin of 19.84% and a return on equity of 16.29%. As a group, equities research analysts expect that Nordea Bank Abp will post 1.4 EPS for the current year.

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Nordea Bank Abp Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 7th. Investors of record on Monday, March 24th will be paid a dividend of $0.9791 per share. The ex-dividend date of this dividend is Monday, March 24th. Nordea Bank Abp's payout ratio is currently 29.03%.

Wall Street Analysts Forecast Growth

NRDBY has been the subject of a number of research reports. Morgan Stanley reaffirmed an "overweight" rating on shares of Nordea Bank Abp in a report on Friday, March 7th. Barclays reiterated an "overweight" rating on shares of Nordea Bank Abp in a report on Monday, February 3rd.

About Nordea Bank Abp

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management segments. The Personal Banking segment provides various financial services to customers through mobile banking, over the phone, online meetings, and branch offices.