Norsk Hydro ASA (OTCMKTS:NHYDY) Short Interest Update

Norsk Hydro ASA (OTCMKTS:NHYDY) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 24,300 shares, an increase of 273.8% from the November 30th total of 6,500 shares. Based on an average trading volume of 259,300 shares, the short-interest ratio is currently 0.1 days.

Norsk Hydro ASA Price Performance

NHYDY traded up $0.01 on Thursday, hitting $5.52. 142,374 shares of the stock were exchanged, compared to its average volume of 185,304. The business has a 50-day moving average of $6.08 and a two-hundred day moving average of $5.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.60 and a quick ratio of 1.07. Norsk Hydro ASA has a 12 month low of $4.95 and a 12 month high of $6.98. The firm has a market capitalization of $11.09 billion, a price-to-earnings ratio of 92.00, a PEG ratio of 0.21 and a beta of 1.52.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings results on Thursday, October 24th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $4.68 billion during the quarter. Norsk Hydro ASA had a net margin of 0.69% and a return on equity of 7.26%. Sell-side analysts forecast that Norsk Hydro ASA will post 0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on NHYDY. Barclays raised Norsk Hydro ASA to a “strong-buy” rating in a report on Wednesday, October 16th. Citigroup upgraded Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th.

About Norsk Hydro ASA

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.