Norsk Hydro ASA (OTCMKTS:NHYDY) Sees Large Increase in Short Interest

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 6,800 shares, an increase of 423.1% from the February 28th total of 1,300 shares. Based on an average trading volume of 245,400 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Citigroup raised shares of Norsk Hydro ASA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 11th. Royal Bank of Canada downgraded shares of Norsk Hydro ASA from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, January 21st.

Norsk Hydro ASA Trading Down 3.0 %

Shares of NHYDY stock traded down $0.18 during mid-day trading on Friday, reaching $5.87. 62,946 shares of the stock traded hands, compared to its average volume of 159,763. The company has a market cap of $11.79 billion, a price-to-earnings ratio of 21.74, a price-to-earnings-growth ratio of 0.26 and a beta of 1.56. The company has a quick ratio of 1.07, a current ratio of 1.60 and a debt-to-equity ratio of 0.23. The stock's fifty day simple moving average is $6.06 and its two-hundred day simple moving average is $6.02. Norsk Hydro ASA has a 1-year low of $4.95 and a 1-year high of $6.98.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last posted its earnings results on Friday, February 14th. The industrial products company reported $0.10 earnings per share 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. On average, research analysts anticipate that Norsk Hydro ASA will post 0.72 EPS for the current fiscal year.

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.