Short Interest in Nordea Bank Abp (OTCMKTS:NRDBY) Grows By 50.5%

Nordea Bank Abp (OTCMKTS:NRDBY - Get Free Report) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 282,600 shares, an increase of 50.5% from the October 31st total of 187,800 shares. Based on an average daily volume of 552,100 shares, the short-interest ratio is currently 0.5 days.

Nordea Bank Abp Price Performance

NRDBY stock traded up $0.15 during midday trading on Friday, reaching $11.32. 223,411 shares of the company's stock traded hands, compared to its average volume of 158,362. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 6.23. The company has a market cap of $39.68 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 0.70 and a beta of 0.94. The company has a 50-day simple moving average of $11.58 and a two-hundred day simple moving average of $11.75. Nordea Bank Abp has a 1-year low of $10.83 and a 1-year high of $12.90.

Nordea Bank Abp (OTCMKTS:NRDBY - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.06. Nordea Bank Abp had a net margin of 19.28% and a return on equity of 16.41%. The firm had revenue of $3.31 billion for the quarter. On average, analysts anticipate that Nordea Bank Abp will post 1.52 earnings per share for the current year.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Nordea Bank Abp to a "strong-buy" rating in a research note on Friday, September 27th.

Nordea Bank Abp Company Profile

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.

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