Nordea Bank AB (OTCMKTS:NRDBY) Short Interest Up 168.4% in July

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) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 97,700 shares, agrowthof168.4% from the June 30th total of 36,400 shares. Based on an average daily volume of 390,000 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 390,000 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

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

Nordea Bank Trading Down 0.1%

Shares of NRDBY stock opened at $14.68 on Monday. The company has a debt-to-equity ratio of 6.60, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $50.85 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 2.92 and a beta of 0.67. The company has a 50-day moving average of $14.63 and a two-hundred day moving average of $13.64. Nordea Bank has a 1-year low of $10.30 and a 1-year high of $15.28.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $0.40 earnings per share for the quarter. The company 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%. On average, analysts predict that Nordea Bank will post 1.4 EPS for the current year.

About Nordea Bank

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.

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