Nordea Bank AB (OTCMKTS:NRDBY) Sees Large Growth in Short Interest

Key Points

• Short Interest Surge: Nordea Bank AB experienced a significant increase in short interest of 168.4% in July, rising from 36,400 shares at the end of June to 97,700 shares by July 15th.
• Analyst Ratings: The stock has a consensus rating of Moderate Buy, with one sell rating, two hold ratings, and three buy ratings from various analysts.
• Earnings Report: Nordea Bank reported earnings of $0.40 per share with revenues totaling $3.30 billion for the last quarter.

Nordea Bank AB (OTCMKTS:NRDBY - Get Free Report) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 97,700 shares, anincreaseof168.4% from the June 30th total of 36,400 shares. Based on an average daily trading volume, of 390,000 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 390,000 shares, the days-to-cover ratio is presently 0.3 days.

Nordea Bank Trading Up 1.0%

Shares of OTCMKTS:NRDBY traded up $0.15 during trading on Friday, hitting $15.39. 118,244 shares of the company's stock were exchanged, compared to its average volume of 353,290. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 6.60. Nordea Bank has a 1-year low of $10.30 and a 1-year high of $15.39. The firm has a 50-day moving average price of $14.67 and a two-hundred day moving average price of $13.70. The firm has a market cap of $53.31 billion, a P/E ratio of 10.26, a PEG ratio of 2.99 and a beta of 0.67.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $0.40 earnings per share for the quarter. The business had revenue of $3.30 billion during the quarter. Nordea Bank had a net margin of 20.63% and a return on equity of 15.50%. Equities analysts predict that Nordea Bank will post 1.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NRDBY. Kepler Capital Markets raised Nordea Bank from a "strong sell" rating to a "hold" rating in a report on Monday, July 7th. Citigroup reaffirmed a "buy" rating on shares of Nordea Bank in a research report on Wednesday, May 21st. Nordea Equity Research downgraded Nordea Bank from a "buy" rating to a "reduce" rating in a research report on Wednesday, May 21st. Finally, Barclays lowered Nordea Bank from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy".

Nordea Bank 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.