Short Interest in Norsk Hydro ASA (OTCMKTS:NHYDY) Grows By 10,660.0%

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 53,800 shares, an increase of 10,660.0% from the April 30th total of 500 shares. Based on an average daily volume of 379,300 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company's stock are short sold.

Wall Street Analysts Forecast Growth

NHYDY has been the subject of several recent research reports. The Goldman Sachs Group lowered Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 10th. Royal Bank of Canada raised shares of Norsk Hydro ASA from a "hold" rating to a "moderate buy" rating in a research report on Thursday, April 17th.

Norsk Hydro ASA Stock Down 1.2%

OTCMKTS:NHYDY traded down $0.07 during trading hours on Monday, reaching $5.49. 95,173 shares of the company traded hands, compared to its average volume of 221,080. The company has a current ratio of 1.60, a quick ratio of 1.07 and a debt-to-equity ratio of 0.23. The business's 50-day moving average price is $5.39 and its two-hundred day moving average price is $5.77. Norsk Hydro ASA has a 1 year low of $4.50 and a 1 year high of $6.98. The stock has a market capitalization of $11.02 billion, a P/E ratio of 20.32, a P/E/G ratio of 0.26 and a beta of 1.48.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.05). The company had revenue of $5.51 billion for the quarter, compared to analysts' expectations of $57.46 billion. Norsk Hydro ASA had a net margin of 2.79% and a return on equity of 8.68%. Analysts predict that Norsk Hydro ASA will post 0.72 earnings per share for the current year.

Norsk Hydro ASA Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.1442 per share. This represents a dividend yield of 2.68%. The ex-dividend date of this dividend was Tuesday, May 13th. Norsk Hydro ASA's dividend payout ratio is presently 33.33%.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.