Nordea Bank AB (OTCMKTS:NRDBY) Sees Significant Growth in Short Interest

Nordea Bank AB (OTCMKTS:NRDBY - Get Free Report) saw a significant increase in short interest in 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 short sold.

Nordea Bank Stock Performance

NRDBY stock traded up $0.02 during trading on Wednesday, reaching $14.32. 181,671 shares of the company's stock were exchanged, compared to its average volume of 401,448. Nordea Bank has a 1-year low of $10.30 and a 1-year high of $14.87. The firm has a market cap of $49.69 billion, a PE ratio of 9.55, a P/E/G ratio of 4.38 and a beta of 0.70. The company's fifty day moving average price is $13.93 and its 200-day moving average price is $12.82. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 6.80.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Morgan Stanley reaffirmed an "overweight" rating on shares of Nordea Bank in a research report on Friday, March 7th. Nordea Equity Research cut shares of Nordea Bank from a "buy" rating to a "reduce" rating in a report on Wednesday, May 21st. Barclays downgraded shares of Nordea Bank from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 2nd. Citigroup restated a "buy" rating on shares of Nordea Bank in a research report on Wednesday, May 21st. Finally, Kepler Capital Markets lowered shares of Nordea Bank from a "strong-buy" rating to a "strong sell" rating in a research note on Wednesday, May 21st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold".

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.