Short Interest in Norsk Hydro ASA (OTCMKTS:NHYDY) Increases By 423.1%

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) saw a large increase in short interest in 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 daily volume of 245,400 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

A number of research firms recently commented on NHYDY. Royal Bank of Canada cut Norsk Hydro ASA from a "moderate buy" rating to a "hold" rating in a report on Tuesday, January 21st. Citigroup upgraded Norsk Hydro ASA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th.

Norsk Hydro ASA Stock Performance

Shares of NHYDY traded down $0.18 during trading hours on Friday, hitting $5.87. The company had a trading volume of 62,946 shares, compared to its average volume of 159,763. The firm has a market cap of $11.79 billion, a price-to-earnings ratio of 21.74, a PEG 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 business has a fifty day moving average of $6.06 and a 200-day moving average of $6.02. Norsk Hydro ASA has a 12 month low of $4.95 and a 12 month high of $6.98.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last released its quarterly earnings results on Friday, February 14th. The industrial products company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.18). The firm had revenue of $5.16 billion for the quarter. Norsk Hydro ASA had a return on equity of 8.68% and a net margin of 2.79%. Equities analysts anticipate that Norsk Hydro ASA will post 0.72 EPS for the current fiscal year.

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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.