Nordea Bank AB (OTCMKTS:NRDBY) Short Interest Update

Key Points

• Nordea Bank AB saw a significant increase in short interest of 22.8% in August, with a total of 82,300 shares sold short as of August 31st.
• Analysts have mixed opinions on the stock, with ratings ranging from strong sell to buy, leading to a consensus rating of "Hold".
• Currently, Nordea Bank's stock is trading down 1.3% at $16.15, maintaining a market cap of $55.84 billion.

Nordea Bank AB (OTCMKTS:NRDBY - Get Free Report) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 82,300 shares, an increase of 22.8% from the August 15th total of 67,000 shares. Currently, 0.0% of the company's shares are short sold. Based on an average trading volume of 341,500 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 341,500 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company's shares are short sold.

Nordea Bank Stock Up 1.4%

OTCMKTS NRDBY traded up $0.23 during trading hours on Friday, hitting $16.39. The company's stock had a trading volume of 337,769 shares, compared to its average volume of 185,824. Nordea Bank has a 52 week low of $10.30 and a 52 week high of $16.48. The company has a market capitalization of $56.67 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 3.22 and a beta of 0.67. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 6.60. The company's 50-day simple moving average is $15.38 and its two-hundred day simple moving average is $14.41.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NRDBY. Kepler Capital Markets upgraded Nordea Bank from a "strong sell" rating to a "hold" rating in a report on Monday, July 7th. Morgan Stanley reissued an "overweight" rating on shares of Nordea Bank in a research report on Tuesday, September 2nd. Finally, Barclays cut Nordea Bank from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold".

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.