Nordea Bank Abp (OTCMKTS:NRDBY) Short Interest Up 283.5% in April

Nordea Bank Abp (OTCMKTS:NRDBY) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 207,500 shares, an increase of 283.5% from the March 31st total of 54,100 shares. Based on an average trading volume of 860,500 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

NRDBY has been the topic of a number of recent analyst reports. Barclays reissued an “overweight” rating on shares of Nordea Bank Abp in a research note on Monday, February 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Nordea Bank Abp in a research report on Friday, March 7th.

Nordea Bank Abp Price Performance

Shares of OTCMKTS:NRDBY traded up $0.17 during trading on Tuesday, reaching $13.70. The company had a trading volume of 469,047 shares, compared to its average volume of 458,942. The firm’s fifty day moving average is $13.15 and its 200 day moving average is $12.13. The company has a debt-to-equity ratio of 6.03, a quick ratio of 1.29 and a current ratio of 1.27. The firm has a market capitalization of $47.83 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 0.88 and a beta of 0.77. Nordea Bank Abp has a twelve month low of $10.30 and a twelve month high of $14.57.

Nordea Bank Abp (OTCMKTS:NRDBY) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $0.36 earnings per share for the quarter. Nordea Bank Abp had a return on equity of 16.29% and a net margin of 19.84%. The company had revenue of $3.13 billion during the quarter. On average, equities analysts forecast that Nordea Bank Abp will post 1.4 EPS for the current year.

Nordea Bank Abp Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, April 7th. Investors of record on Monday, March 24th were paid a dividend of $0.9791 per share. The ex-dividend date of this dividend was Monday, March 24th. Nordea Bank Abp’s dividend payout ratio (DPR) is presently 30.67%.

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.