Short Interest in National Bank of Canada (OTCMKTS:NTIOF) Decreases By 24.9%

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) was the recipient of a large decrease in short interest in May. As of May 31st, there was short interest totalling 7,317,100 shares, a decrease of 24.9% from the May 15th total of 9,741,300 shares. Based on an average trading volume of 75,400 shares, the short-interest ratio is presently 97.0 days. Approximately 1.9% of the company's stock are sold short.

National Bank of Canada Stock Down 0.2%

Shares of National Bank of Canada stock traded down $0.24 during midday trading on Friday, hitting $98.53. The company had a trading volume of 47,103 shares, compared to its average volume of 55,919. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $38.58 billion, a P/E ratio of 13.03 and a beta of 1.01. The company has a 50 day moving average of $91.97 and a 200 day moving average of $89.01. National Bank of Canada has a 52-week low of $74.21 and a 52-week high of $100.53.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The financial services provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.29. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $3.33 billion. National Bank of Canada had a return on equity of 16.83% and a net margin of 18.73%. On average, equities analysts predict that National Bank of Canada will post 7.63 earnings per share for the current fiscal year.

National Bank of Canada Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 1st will be paid a $0.8578 dividend. The ex-dividend date is Monday, June 30th. This represents a dividend yield of 3.48%. This is an increase from National Bank of Canada's previous dividend of $0.80. National Bank of Canada's dividend payout ratio is presently 41.93%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NTIOF. CIBC reissued an "outperform" rating on shares of National Bank of Canada in a research report on Tuesday, May 20th. Scotiabank raised National Bank of Canada to a "strong-buy" rating in a research report on Thursday, May 15th. Cibc World Mkts lowered National Bank of Canada from a "hold" rating to a "strong sell" rating in a research report on Friday, April 4th. National Bankshares lowered National Bank of Canada from a "speculative buy" rating to an "underperform" rating in a research report on Friday, April 4th. Finally, Cormark lowered National Bank of Canada from a "moderate buy" rating to a "hold" rating in a research report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.