ABN AMRO Bank (OTCMKTS:AAVMY) Sees Significant Decline in Short Interest

Key Points

• Short interest in ABN AMRO Bank fell 48.2% to 14,904 shares as of September 30, representing 0.0% of shares outstanding and just 0.3 days of average trading volume.
• Analyst sentiment remains positive, with a consensus “Buy” rating supported by one Strong Buy, five Buy ratings, and one Hold rating.
• The bank beat quarterly expectations, reporting $1.05 in EPS versus the $0.92 consensus and $2.80 billion in revenue versus the $2.67 billion estimate.

ABN AMRO Bank (OTCMKTS:AAVMY - Get Free Report) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 14,904 shares, a decrease of 48.2% from the September 15th total of 28,776 shares. Based on an average trading volume of 44,535 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

AAVMY has been the topic of a number of research analyst reports. Citigroup reiterated a "buy" rating on shares of ABN AMRO Bank in a research report on Friday, September 18th. Morgan Stanley reissued an "overweight" rating on shares of ABN AMRO Bank in a report on Wednesday, September 2nd. Zacks Research raised ABN AMRO Bank from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 30th. Royal Bank Of Canada reissued an "outperform" rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, ABN AMRO Bank currently has a consensus rating of "Buy".

ABN AMRO Bank Stock Performance

OTCMKTS AAVMY opened at $46.32 on Wednesday. The firm has a market cap of $37.99 billion and a P/E ratio of 14.30. ABN AMRO Bank has a 52-week low of $28.46 and a 52-week high of $50.63. The business's 50-day moving average price is $48.20 and its 200 day moving average price is $42.16. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.97.

ABN AMRO Bank (OTCMKTS:AAVMY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.92 by $0.13. ABN AMRO Bank had a return on equity of 9.12% and a net margin of 14.22%. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.67 billion. On average, equities research analysts expect that ABN AMRO Bank will post 3.63 earnings per share for the current year.

About ABN AMRO Bank

ABN AMRO Bank N.V. is a Dutch financial services company headquartered in Amsterdam. The bank provides retail, private and corporate banking services, with the Netherlands as its principal market. Its offerings include current and savings accounts, mortgages, consumer lending, payment services, business financing, cash management and other financial solutions.

Through its Wealth Management business, ABN AMRO serves affluent individuals, families and institutions with investment management, financial planning and private banking services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.