Nordea Bank AB (OTCMKTS:NRDBY) Stock Short Interest Report for October

Nordea Bank AB (OTCMKTS:NRDBY) saw a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 2,429 shares, a decrease of 97.9% from the October 15th total of 118,419 shares. Based on an average daily volume of 626,371 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NRDBY shares. Citigroup reiterated a “buy” rating on shares of Nordea Bank in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Nordea Bank in a research note on Wednesday, September 16th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of Nordea Bank in a report on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Nordea Bank has a consensus rating of “Hold”.

Nordea Bank Stock Up 1.4%

Shares of Nordea Bank stock traded up $0.26 during midday trading on Tuesday, reaching $18.98. 246,742 shares of the company’s stock traded hands, compared to its average volume of 329,547. The company has a debt-to-equity ratio of 6.68, a quick ratio of 1.18 and a current ratio of 1.18. Nordea Bank has a 52 week low of $16.35 and a 52 week high of $21.39. The company’s 50 day simple moving average is $19.14 and its 200 day simple moving average is $19.09. The company has a market cap of $64.57 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 1.40 and a beta of 0.75.

Nordea Bank (OTCMKTS:NRDBY) last issued its quarterly earnings data on Thursday, October 15th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. The firm had revenue of $3.32 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Nordea Bank had a net margin of 22.74% and a return on equity of 15.06%. Equities analysts expect that Nordea Bank will post 1.77 earnings per share for the current fiscal year.

Nordea Bank Company Profile

Nordea Bank Abp is a financial services group headquartered in Helsinki, Finland. It provides banking and related services to individuals, businesses and institutions, with a focus on the Nordic region. Its offerings include everyday and savings accounts, mortgages, consumer loans, payment services, and investment and wealth-management services for personal customers. For businesses and institutions, Nordea provides lending, cash management, trade finance, capital-markets services and other corporate banking solutions.