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

Norsk Hydro ASA logo with Basic Materials background

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.

View Our Latest Stock Analysis on Norsk Hydro ASA

About Norsk Hydro ASA

(Get Free Report)

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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