Short Interest in Nordea Bank AB (OTCMKTS:NRDBY) Increases By 45.9%

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 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 trading volume of 366,000 shares, the days-to-cover ratio is presently 0.4 days. Approximately0.0% of the company's shares are short sold. Approximately0.0% of the company's shares are short sold. Based on an average trading volume of 366,000 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Kepler Capital Markets upgraded Nordea Bank from a "strong sell" rating to a "hold" rating in a report on Monday, July 7th. Nordea Equity Research downgraded Nordea Bank from a "buy" rating to a "reduce" rating in a report on Wednesday, May 21st. Citigroup reiterated a "buy" rating on shares of Nordea Bank in a report on Wednesday, May 21st. Finally, Barclays downgraded shares of Nordea Bank from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Nordea Bank Price Performance

Shares of Nordea Bank stock traded down $0.0650 during midday trading on Tuesday, hitting $15.7850. 98,302 shares of the company traded hands, compared to its average volume of 346,737. The stock has a market cap of $54.68 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 3.21 and a beta of 0.67. The company has a debt-to-equity ratio of 6.60, a quick ratio of 1.26 and a current ratio of 1.26. The firm's fifty day moving average price is $14.83 and its 200-day moving average price is $13.90. Nordea Bank has a 12 month low of $10.3001 and a 12 month high of $16.15.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $0.40 EPS for the quarter. The business 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%. As a group, sell-side analysts forecast that Nordea Bank will post 1.4 earnings per share for the current year.

Nordea Bank Company Profile

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.

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