Norsk Hydro ASA (OTCMKTS:NHYDY) Short Interest Update

Norsk Hydro ASA (OTCMKTS:NHYDY) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 6,800 shares, a growth of 423.1% from the February 28th total of 1,300 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 245,400 shares, the days-to-cover ratio is currently 0.0 days.

Norsk Hydro ASA Trading Down 3.3 %

NHYDY stock traded down $0.21 during midday trading on Thursday, reaching $6.15. The company’s stock had a trading volume of 51,763 shares, compared to its average volume of 162,917. The company has a quick ratio of 1.07, a current ratio of 1.60 and a debt-to-equity ratio of 0.23. Norsk Hydro ASA has a 52 week low of $4.95 and a 52 week high of $6.98. The business’s 50-day simple moving average is $6.06 and its 200-day simple moving average is $6.01. The stock has a market cap of $12.36 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 0.26 and a beta of 1.56.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its earnings results on Friday, February 14th. The industrial products company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.18). The firm had revenue of $5.16 billion during the quarter. Norsk Hydro ASA had a net margin of 2.79% and a return on equity of 8.68%. As a group, sell-side analysts expect that Norsk Hydro ASA will post 0.72 EPS for the current year.

Wall Street Analyst Weigh In

NHYDY has been the subject of several recent research reports. Royal Bank of Canada lowered shares of Norsk Hydro ASA from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Citigroup raised shares of Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th.

Norsk Hydro ASA Company Profile

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.