Norsk Hydro ASA (OTCMKTS:NHYDY) Short Interest Up 50.2% in July

Key Points

• Short interest in Norsk Hydro ASA rose by 50.2% in July, totaling 201,300 shares by the end of the month, while the days-to-cover ratio is currently 1.1 days.
• Analyst ratings for Norsk Hydro ASA show a consensus of "Moderate Buy," with one analyst rating it as "Strong Buy" and others varying between "Buy" and "Hold."
• The company reported $0.16 EPS in its recent quarterly earnings, surpassing the expected $0.07 EPS, with revenue of $5.23 billion for the quarter.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 201,300 shares, anincreaseof50.2% from the July 15th total of 134,000 shares. Approximately0.0% of the company's shares are sold short. Based on an average trading volume of 181,900 shares, the days-to-cover ratio is presently 1.1 days. Based on an average trading volume of 181,900 shares, the days-to-cover ratio is presently 1.1 days. Approximately0.0% of the company's shares are sold short.

Analyst Ratings Changes

NHYDY has been the topic of a number of research reports. Kepler Capital Markets lowered shares of Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. Morgan Stanley reaffirmed an "overweight" rating on shares of Norsk Hydro ASA in a research report on Monday, July 14th. Finally, Citigroup reissued a "neutral" rating on shares of Norsk Hydro ASA in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Norsk Hydro ASA Stock Performance

Shares of OTCMKTS:NHYDY traded down $0.03 on Tuesday, hitting $6.28. 68,116 shares of the company were exchanged, compared to its average volume of 175,810. Norsk Hydro ASA has a 1-year low of $4.50 and a 1-year high of $6.62. The stock's 50 day moving average price is $5.96 and its 200 day moving average price is $5.78. The company has a current ratio of 1.65, a quick ratio of 1.10 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $12.42 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 0.30 and a beta of 1.50.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.07 by $0.09. The business had revenue of $5.23 billion during the quarter, compared to the consensus estimate of $51.63 billion. Norsk Hydro ASA had a net margin of 4.37% and a return on equity of 11.37%. Sell-side analysts predict that Norsk Hydro ASA will post 0.72 EPS for the current year.

Norsk Hydro ASA Company Profile

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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