Nordea Bank AB (OTCMKTS:NRDBY) Short Interest Update

Key Points

• Short interest surged 337.7% to 57,304 shares as of August 31, up from 13,092 shares two weeks earlier. Despite the increase, short interest represents 0.0% of outstanding shares and equals about 0.3 days of average trading volume.
• Nordea shares opened at $20.64, near their 52-week high of $21.39, with a market capitalization of $70.23 billion. The bank recently beat quarterly expectations, reporting earnings of $0.42 per share versus the $0.40 consensus and revenue of $3.47 billion.
• Analyst sentiment remains mixed, with ratings ranging from Strong Buy to Sell and a current consensus rating of Hold.

Nordea Bank AB (OTCMKTS:NRDBY - Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 57,304 shares, a growth of 337.7% from the August 15th total of 13,092 shares. Based on an average trading volume of 177,813 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Nordea Bank Stock Performance

Shares of NRDBY opened at $20.64 on Friday. The firm has a fifty day moving average of $19.99 and a 200-day moving average of $19.05. The company has a market cap of $70.23 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 1.87 and a beta of 0.63. The company has a debt-to-equity ratio of 6.79, a quick ratio of 1.18 and a current ratio of 1.18. Nordea Bank has a 1 year low of $16.06 and a 1 year high of $21.39.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last released its quarterly earnings data on Thursday, July 16th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. The business had revenue of $3.47 billion for the quarter, compared to analysts' expectations of $3.41 billion. Nordea Bank had a net margin of 22.82% and a return on equity of 15.18%. As a group, equities analysts anticipate that Nordea Bank will post 1.8 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on NRDBY. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Nordea Bank in a report on Monday, July 20th. Citigroup reissued a "buy" rating on shares of Nordea Bank in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold".

Nordea Bank Company Profile

Nordea Bank Abp is a financial services group headquartered in Helsinki, Finland, serving personal, business and institutional customers across the Nordic region. Its primary markets are Finland, Sweden, Norway and Denmark, with additional operations supporting selected international and Baltic customers.

The company provides retail banking services such as deposit accounts, mortgages, consumer finance, payment solutions, cards and digital banking. Nordea also offers corporate and investment banking, including lending, cash management, financial markets, advisory and capital-markets services.

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