ABN AMRO Bank (OTCMKTS:AAVMY) Short Interest Up 64.0% in August

Key Points

• ABN AMRO Bank’s short interest rose 64% in August to 13,079 shares, though this represented 0.0% of shares outstanding and only 0.4 days to cover.
• The bank exceeded quarterly expectations, reporting $1.05 EPS versus the $0.92 consensus estimate and revenue of $2.80 billion against forecasts of $2.67 billion.
• Analyst sentiment remains positive, with one Strong Buy, six Buy, and one Hold ratings, producing an overall average rating of “Buy.”

ABN AMRO Bank (OTCMKTS:AAVMY - Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 13,079 shares, a growth of 64.0% from the July 30th total of 7,973 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 32,316 shares, the days-to-cover ratio is currently 0.4 days.

ABN AMRO Bank Price Performance

OTCMKTS:AAVMY opened at $48.17 on Monday. The stock has a market cap of $39.51 billion and a P/E ratio of 14.87. ABN AMRO Bank has a one year low of $28.46 and a one year high of $48.66. The company has a fifty day moving average price of $44.78 and a 200 day moving average price of $38.59. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.14 and a quick ratio of 1.14.

ABN AMRO Bank (OTCMKTS:AAVMY - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.13. ABN AMRO Bank had a return on equity of 9.16% and a net margin of 14.22%.The business had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $2.67 billion. Analysts anticipate that ABN AMRO Bank will post 3.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AAVMY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Citigroup reaffirmed a "buy" rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. ABN Amro upgraded ABN AMRO Bank from a "neutral" rating to a "buy" rating in a research note on Tuesday, June 2nd. Morgan Stanley reissued an "overweight" rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Finally, Royal Bank Of Canada restated an "outperform" 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, six have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy".

About ABN AMRO Bank

ABN AMRO Bank N.V. is a leading Dutch banking institution headquartered in Amsterdam. The bank traces its origins to the 1991 merger of Algemene Bank Nederland and AMRO Bank, forming one of the Netherlands’ largest financial services providers. Over the decades, ABN AMRO has developed a comprehensive portfolio of banking and financial solutions, positioning itself as a key player in both domestic and international markets.

The bank operates across several core segments, including retail banking, private banking, commercial banking, and corporate & institutional banking.

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