Nordea Bank AB (OTCMKTS:NRDBY) Short Interest Update

Nordea Bank AB (OTCMKTS:NRDBY) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 384 shares, a drop of 99.9% from the May 31st total of 263,906 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 2,688,980 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

NRDBY has been the topic of several recent research reports. Morgan Stanley reiterated an “overweight” rating on shares of Nordea Bank in a research note on Tuesday, May 12th. Citigroup restated a “buy” rating on shares of Nordea Bank in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Nordea Bank Stock Performance

OTCMKTS NRDBY traded up $0.04 on Friday, hitting $18.47. 4,430,481 shares of the company traded hands, compared to its average volume of 1,781,131. The company has a market capitalization of $62.85 billion, a price-to-earnings ratio of 11.62, a P/E/G ratio of 1.84 and a beta of 0.63. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 6.78. The business’s 50 day moving average price is $18.69 and its 200-day moving average price is $18.80. Nordea Bank has a 52-week low of $13.91 and a 52-week high of $20.61.

Nordea Bank (OTCMKTS:NRDBY) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). Nordea Bank had a net margin of 22.65% and a return on equity of 15.24%. The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.37 billion. Equities analysts expect that Nordea Bank will post 1.65 earnings per share for the current year.

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.