Nordea Bank AB (OTCMKTS:NRDBY) Short Interest Update

Nordea Bank AB (OTCMKTS:NRDBY - Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 87,500 shares, an increase of 31.6% from the May 15th total of 66,500 shares. Based on an average trading volume of 462,100 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Nordea Bank Price Performance

Shares of NRDBY traded down $0.02 on Friday, reaching $14.30. The stock had a trading volume of 208,757 shares, compared to its average volume of 252,837. The firm has a market capitalization of $49.62 billion, a PE ratio of 9.53, a PEG ratio of 4.31 and a beta of 0.70. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 6.80. The firm has a 50-day moving average of $14.07 and a 200 day moving average of $12.87. Nordea Bank has a twelve month low of $10.30 and a twelve month high of $14.87.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The company reported $0.36 earnings per share for the quarter. The business had revenue of $3.13 billion for the quarter. Nordea Bank had a return on equity of 15.76% and a net margin of 20.13%. Sell-side analysts expect that Nordea Bank will post 1.4 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on NRDBY. Nordea Equity Research downgraded Nordea Bank from a "buy" rating to a "reduce" rating in a research note on Wednesday, May 21st. Citigroup reiterated a "buy" rating on shares of Nordea Bank in a research report on Wednesday, May 21st. Morgan Stanley reiterated an "overweight" rating on shares of Nordea Bank in a research report on Friday, March 7th. Kepler Capital Markets cut Nordea Bank from a "strong-buy" rating to a "strong sell" rating in a research report on Wednesday, May 21st. Finally, Barclays cut Nordea Bank from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Nordea Bank presently has a consensus rating of "Hold".

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.