Nordea Bank AB (OTCMKTS:NRDBY) Short Interest Update

Nordea Bank AB (OTCMKTS:NRDBY) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 10,130 shares, a drop of 82.3% from the August 31st total of 57,304 shares. Based on an average daily trading volume, of 175,352 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Nordea Bank Stock Up 0.6%

NRDBY stock opened at $20.36 on Friday. Nordea Bank has a twelve month low of $16.06 and a twelve month high of $21.39. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.79. The company has a market cap of $69.26 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 1.54 and a beta of 0.63. The business’s 50-day simple moving average is $20.19 and its 200 day simple moving average is $19.14.

Nordea Bank (OTCMKTS:NRDBY) last posted its quarterly earnings results on Thursday, July 16th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. Nordea Bank had a return on equity of 15.18% and a net margin of 22.82%.The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.41 billion. On average, research analysts anticipate that Nordea Bank will post 1.81 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NRDBY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Nordea Bank in a research report on Wednesday, September 16th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Nordea Bank in a research report on Monday, July 20th. Finally, Citigroup reiterated a “buy” rating on shares of Nordea Bank in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Nordea Bank Company Profile

Nordea Bank Abp is a financial services group headquartered in Helsinki, Finland, serving personal, business and institutional customers across the Nordic region. Its primary markets are Finland, Sweden, Norway and Denmark, with additional operations supporting selected international and Baltic customers.

The company provides retail banking services such as deposit accounts, mortgages, consumer finance, payment solutions, cards and digital banking. Nordea also offers corporate and investment banking, including lending, cash management, financial markets, advisory and capital-markets services.