Short Interest in Nordea Bank Abp (OTCMKTS:NRDBY) Decreases By 73.4%

Nordea Bank Abp (OTCMKTS:NRDBY - Get Free Report) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 6,500 shares, a decrease of 73.4% from the April 15th total of 24,400 shares. Based on an average daily volume of 122,300 shares, the days-to-cover ratio is presently 0.1 days.

Nordea Bank Abp Trading Up 0.5 %

NRDBY stock traded up $0.06 during mid-day trading on Friday, hitting $12.19. 157,772 shares of the company were exchanged, compared to its average volume of 91,279. Nordea Bank Abp has a 12-month low of $9.81 and a 12-month high of $12.90. The firm has a market capitalization of $42.73 billion, a P/E ratio of 7.86, a PEG ratio of 0.77 and a beta of 0.97. The business has a fifty day simple moving average of $11.79 and a 200-day simple moving average of $11.76. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 6.03.

Nordea Bank Abp (OTCMKTS:NRDBY - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.41 earnings per share for the quarter. Nordea Bank Abp had a net margin of 20.20% and a return on equity of 16.92%. The firm had revenue of $3.35 billion during the quarter. On average, equities research analysts predict that Nordea Bank Abp will post 1.51 earnings per share for the current fiscal year.

Nordea Bank Abp Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 10th. Investors of record on Monday, March 25th were issued a $0.9872 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This is an increase from Nordea Bank Abp's previous dividend of $0.72. Nordea Bank Abp's payout ratio is currently 61.29%.

About Nordea Bank Abp

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management segments. The Personal Banking segment provides various financial services to customers through mobile banking, over the phone, online meetings, and branch offices.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.