Nordea Bank AB (OTCMKTS:NRDBY) Short Interest Up 90.3% in April
by Amy Steele · The Cerbat GemNordea Bank AB (OTCMKTS:NRDBY – Get Free Report) saw a large increase in short interest in the month of 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. Based on an average trading volume of 522,753 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.
Nordea Bank Price Performance
Shares of NRDBY stock traded down $0.17 during midday trading on Friday, reaching $17.97. 214,114 shares of the company traded hands, compared to its average volume of 248,022. 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 1-year low of $13.91 and a 1-year high of $20.61. The firm has a market cap of $61.31 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 1.97 and a beta of 0.64. The firm’s 50 day simple moving average is $18.22 and its two-hundred day simple moving average is $18.49.
Nordea Bank (OTCMKTS:NRDBY – Get Free Report) last issued its quarterly earnings data 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 return on equity of 15.15% and a net margin of 22.65%.The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.37 billion. On average, equities research analysts expect that Nordea Bank will post 1.65 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Nordea Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. Citigroup reiterated a “buy” rating on shares of Nordea Bank in a research report on Thursday, April 23rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Nordea Bank in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold”.
View Our Latest Research Report on NRDBY
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.