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

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) saw a large 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. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 1,243,600 shares, the days-to-cover ratio is presently 0.0 days.

Norsk Hydro ASA Stock Performance

OTCMKTS:NHYDY traded up $0.08 during mid-day trading on Friday, hitting $5.36. The company's stock had a trading volume of 127,452 shares, compared to its average volume of 239,943. The business's fifty day moving average is $5.68 and its two-hundred day moving average is $5.85. The stock has a market cap of $10.77 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 0.26 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.60 and a quick ratio of 1.07. Norsk Hydro ASA has a 1 year low of $4.50 and a 1 year high of $6.98.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.05). Norsk Hydro ASA had a return on equity of 8.68% and a net margin of 2.79%. The company had revenue of $5.51 billion for the quarter, compared to analyst estimates of $57.46 billion. Analysts anticipate that Norsk Hydro ASA will post 0.72 EPS for the current fiscal year.

Analysts Set New Price Targets

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