Nordea Bank Abp (OTCMKTS:NRDBY) Short Interest Update

Nordea Bank Abp (OTCMKTS:NRDBY) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 88,500 shares, a drop of 68.7% from the November 15th total of 282,600 shares. Based on an average daily volume of 508,600 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Nordea Bank Abp to a “strong-buy” rating in a research note on Friday, September 27th.

Nordea Bank Abp Stock Performance

OTCMKTS NRDBY traded up $0.01 on Thursday, hitting $11.17. 297,040 shares of the stock were exchanged, compared to its average volume of 164,024. Nordea Bank Abp has a 52 week low of $10.83 and a 52 week high of $12.90. The company has a debt-to-equity ratio of 6.23, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $39.10 billion, a PE ratio of 7.25, a P/E/G ratio of 0.72 and a beta of 0.92. The business’s fifty day moving average is $11.53 and its 200 day moving average is $11.70.

Nordea Bank Abp (OTCMKTS:NRDBY) last posted its earnings results on Thursday, October 17th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. The company had revenue of $3.31 billion during the quarter. Nordea Bank Abp had a net margin of 19.28% and a return on equity of 16.41%. Research analysts anticipate that Nordea Bank Abp will post 1.52 EPS for the current fiscal year.

Nordea Bank Abp Company Profile

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management segments. The Personal Banking segment provides various financial services to customers through mobile banking, over the phone, online meetings, and branch offices.