ABN AMRO Bank (OTCMKTS:AAVMY) Short Interest Update

Key Points

• Short interest fell 38.3% to 7,973 shares as of July 31, representing 0.0% of shares outstanding and just 0.1 days to cover.
• ABN AMRO reported quarterly EPS of $1.05, beating estimates of $0.92, while revenue of $2.80 billion exceeded expectations of $2.67 billion.
• Analyst sentiment is broadly positive, with the stock carrying an average “Buy” rating from MarketBeat; shares opened at $48.61, near their 52-week high of $48.66.

ABN AMRO Bank (OTCMKTS:AAVMY - Get Free Report) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 7,973 shares, a decrease of 38.3% from the July 15th total of 12,922 shares. Based on an average trading volume of 55,390 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company's stock are sold short.

ABN AMRO Bank Stock Up 1.2%

AAVMY stock opened at $48.61 on Tuesday. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.14 and a quick ratio of 1.14. ABN AMRO Bank has a 1-year low of $28.42 and a 1-year high of $48.66. The firm has a fifty day moving average price of $43.53 and a two-hundred day moving average price of $37.91. The firm has a market cap of $40.01 billion and a price-to-earnings ratio of 15.00.

ABN AMRO Bank (OTCMKTS:AAVMY - Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.13. ABN AMRO Bank had a net margin of 14.22% and a return on equity of 9.16%. The company had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $2.67 billion. Research analysts predict that ABN AMRO Bank will post 3.42 EPS for the current year.

Analyst Upgrades and Downgrades

AAVMY has been the subject of several research analyst reports. Zacks Research raised shares of ABN AMRO Bank from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 30th. ABN Amro raised shares of ABN AMRO Bank from a "neutral" rating to a "buy" rating in a research report on Tuesday, June 2nd. Citigroup reiterated a "buy" rating on shares of ABN AMRO Bank in a research note on Thursday. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of ABN AMRO Bank in a report on Thursday. Finally, Morgan Stanley restated an "overweight" rating on shares of ABN AMRO Bank in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, ABN AMRO Bank presently has an average rating of "Buy".

About ABN AMRO Bank

ABN AMRO Bank N.V. is a leading Dutch banking institution headquartered in Amsterdam. The bank traces its origins to the 1991 merger of Algemene Bank Nederland and AMRO Bank, forming one of the Netherlands’ largest financial services providers. Over the decades, ABN AMRO has developed a comprehensive portfolio of banking and financial solutions, positioning itself as a key player in both domestic and international markets.

The bank operates across several core segments, including retail banking, private banking, commercial banking, and corporate & institutional banking.

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