Short Interest in Nordea Bank Abp (OTCMKTS:NRDBY) Declines By 68.7%

Nordea Bank Abp (OTCMKTS:NRDBY) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 88,500 shares, a drop of 68.7% from the November 15th total of 282,600 shares. Based on an average daily trading volume, of 508,600 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of Nordea Bank Abp to a “strong-buy” rating in a research report on Friday, September 27th.

Nordea Bank Abp Trading Up 0.1 %

Shares of NRDBY traded up $0.01 during trading hours on Thursday, hitting $11.17. The stock had a trading volume of 297,040 shares, compared to its average volume of 164,024. Nordea Bank Abp has a 12-month low of $10.83 and a 12-month high of $12.90. The firm has a market cap of $39.10 billion, a P/E ratio of 7.25, a P/E/G ratio of 0.72 and a beta of 0.92. The company has a debt-to-equity ratio of 6.23, a quick ratio of 1.29 and a current ratio of 1.29. The company’s fifty day simple moving average is $11.53 and its 200 day simple moving average is $11.70.

Nordea Bank Abp (OTCMKTS:NRDBY) last released its quarterly earnings data on Thursday, October 17th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.06. Nordea Bank Abp had a return on equity of 16.41% and a net margin of 19.28%. The business had revenue of $3.31 billion for the quarter. Equities research analysts forecast that Nordea Bank Abp will post 1.52 EPS for the current fiscal year.

About Nordea Bank Abp

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.