Nordea Bank AB (OTCMKTS:NRDBY) Short Interest Update

Key Points

• Short interest in Nordea Bank AB increased by 45.9% in July, reaching a total of 142,500 shares.
• Despite the increase in short interest, the stock has a consensus rating of "Moderate Buy" from analysts, with varying ratings including one Strong Buy and two Sell ratings.
• As of the latest trading session, Nordea Bank's shares have a market cap of $54.68 billion and have fluctuated between a 12-month low of $10.30 and a high of $16.15.

Nordea Bank AB (OTCMKTS:NRDBY - Get Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 142,500 shares, agrowthof45.9% from the July 15th total of 97,700 shares. Based on an average daily trading volume, of 366,000 shares, the days-to-cover ratio is presently 0.4 days. Currently,0.0% of the company's shares are short sold. Currently,0.0% of the company's shares are short sold. Based on an average daily trading volume, of 366,000 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Nordea Equity Research downgraded Nordea Bank from a "buy" rating to a "reduce" rating in a research note on Wednesday, May 21st. Kepler Capital Markets raised Nordea Bank from a "strong sell" rating to a "hold" rating in a research note on Monday, July 7th. Barclays downgraded Nordea Bank from a "hold" rating to a "strong sell" rating in a research note on Thursday. Finally, Citigroup reaffirmed a "buy" rating on shares of Nordea Bank in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold".

Nordea Bank Trading Up 0.6%

OTCMKTS:NRDBY traded up $0.10 on Friday, reaching $15.74. 261,176 shares of the stock traded hands, compared to its average volume of 178,104. The firm has a market capitalization of $54.52 billion, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 3.13 and a beta of 0.67. Nordea Bank has a 1-year low of $10.3001 and a 1-year high of $16.15. The company's 50 day moving average is $14.93 and its 200-day moving average is $14.00. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 6.60.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.40 earnings per share (EPS) for the quarter. The firm had revenue of $3.30 billion for the quarter. Nordea Bank had a return on equity of 15.50% and a net margin of 20.63%. Equities research analysts anticipate that Nordea Bank will post 1.4 EPS for the current fiscal year.

About Nordea Bank

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.