Short Interest in Nordea Bank AB (OTCMKTS:NRDBY) Increases By 90.3%

Nordea Bank AB (OTCMKTS:NRDBY) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 203,009 shares, an increase of 90.3% from the April 15th total of 106,692 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 522,753 shares, the short-interest ratio is presently 0.4 days.

Nordea Bank Stock Performance

Shares of NRDBY traded up $0.48 during midday trading on Monday, reaching $18.45. 197,673 shares of the stock were exchanged, compared to its average volume of 387,468. The business’s 50-day moving average price is $18.22 and its 200 day moving average price is $18.50. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.23 and a quick ratio of 1.23. Nordea Bank has a twelve month low of $13.91 and a twelve month high of $20.61. The company has a market capitalization of $62.78 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 1.80 and a beta of 0.64.

Nordea Bank (OTCMKTS:NRDBY) last posted its earnings results on Wednesday, April 22nd. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Nordea Bank had a return on equity of 15.15% and a net margin of 22.65%.The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.37 billion. On average, sell-side analysts expect that Nordea Bank will post 1.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Citigroup reiterated a “buy” rating on shares of Nordea Bank in a research note on Thursday, April 23rd. Morgan Stanley reiterated an “overweight” rating on shares of Nordea Bank in a research note on Tuesday, May 12th. Finally, Zacks Research upgraded Nordea Bank from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Nordea Bank has a consensus rating of “Hold”.

About Nordea Bank

Nordea Bank is a leading financial services group focused on serving retail, corporate and institutional customers across the Nordic region. The bank’s core activities include retail and commercial banking, corporate and institutional banking, asset and wealth management, and related financial services such as payments, cash management and trade finance. Nordea delivers these services through branch and digital channels, aiming to provide integrated banking solutions for everyday consumers, small and medium enterprises, and large corporations.

Product offerings span deposit and lending products including mortgages and consumer loans, transaction banking and treasury services for corporate clients, investment and pension solutions through its asset management businesses, and wealth management services for private clients.