Short Interest in Nordea Bank AB (OTCMKTS:NRDBY) Expands By 22.8%

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) saw a large 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. Based on an average daily volume of 341,500 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 341,500 shares, the short-interest ratio is presently 0.2 days.

Nordea Bank Trading Down 0.6%

Shares of OTCMKTS NRDBY traded down $0.11 during midday trading on Monday, reaching $16.28. The stock had a trading volume of 157,085 shares, compared to its average volume of 189,654. The firm has a market cap of $56.31 billion, a price-to-earnings ratio of 10.93, a price-to-earnings-growth ratio of 3.26 and a beta of 0.67. Nordea Bank has a twelve month low of $10.30 and a twelve month high of $16.48. The company has a debt-to-equity ratio of 6.60, a quick ratio of 1.26 and a current ratio of 1.26. The company's 50 day moving average price is $15.38 and its 200 day moving average price is $14.41.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Barclays downgraded shares of Nordea Bank from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 21st. Kepler Capital Markets upgraded shares of Nordea Bank from a "strong sell" rating to a "hold" rating in a research report on Monday, July 7th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Nordea Bank in a research report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold".

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.