Northern Trust Co. (NASDAQ:NTRSO) Sees Significant Growth in Short Interest

by · The Cerbat Gem

Northern Trust Co. (NASDAQ:NTRSO – Get Free Report) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 11,400 shares, a growth of 60.6% from the September 30th total of 7,100 shares. Based on an average daily volume of 22,300 shares, the days-to-cover ratio is currently 0.5 days.

Northern Trust Price Performance

NASDAQ:NTRSO traded up $0.01 on Tuesday, reaching $22.59. 15,498 shares of the company’s stock were exchanged, compared to its average volume of 23,110. Northern Trust has a 52 week low of $18.81 and a 52 week high of $24.29. The stock has a fifty day simple moving average of $22.65 and a 200-day simple moving average of $21.52.

Northern Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Sunday, December 15th will be given a dividend of $0.2938 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.18 dividend on an annualized basis and a yield of 5.20%.

About Northern Trust

(Get Free Report)

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.

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