Norsk Hydro ASA (OTCMKTS:NHYDY) Short Interest Down 44.5% in April

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 16,700 shares, a decline of 44.5% from the March 31st total of 30,100 shares. Based on an average daily volume of 1,243,600 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company's shares are sold short.

Norsk Hydro ASA Stock Performance

Shares of Norsk Hydro ASA stock traded down $0.05 during trading on Tuesday, hitting $5.40. 194,407 shares of the stock were exchanged, compared to its average volume of 241,348. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.07 and a current ratio of 1.60. The stock's fifty day moving average is $5.74 and its 200 day moving average is $5.89. The stock has a market cap of $10.85 billion, a PE ratio of 20.00, a P/E/G ratio of 0.26 and a beta of 1.45. Norsk Hydro ASA has a 12 month low of $4.50 and a 12 month high of $6.98.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last announced its earnings results on Friday, February 14th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.18). The company had revenue of $5.16 billion during the quarter. Norsk Hydro ASA had a net margin of 2.79% and a return on equity of 8.68%. As a group, sell-side analysts anticipate that Norsk Hydro ASA will post 0.72 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NHYDY. Royal Bank of Canada raised shares of Norsk Hydro ASA from a "hold" rating to a "moderate buy" rating in a research note on Thursday, April 17th. The Goldman Sachs Group downgraded Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 10th.

About Norsk Hydro ASA

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.

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