Norsk Hydro ASA (OTCMKTS:NHYDY) Short Interest Update

Norsk Hydro ASA (OTCMKTS:NHYDY) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 8,600 shares, a drop of 74.9% from the January 31st total of 34,300 shares. Based on an average trading volume of 282,000 shares, the days-to-cover ratio is currently 0.0 days.

Norsk Hydro ASA Price Performance

Shares of NHYDY traded up $0.05 during midday trading on Friday, reaching $5.91. The stock had a trading volume of 59,966 shares, compared to its average volume of 173,409. Norsk Hydro ASA has a 52 week low of $4.95 and a 52 week high of $6.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.60 and a quick ratio of 1.07. The firm’s 50 day moving average price is $5.78 and its 200-day moving average price is $5.90. The company has a market capitalization of $11.87 billion, a P/E ratio of 21.89, a P/E/G ratio of 0.26 and a beta of 1.53.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its quarterly earnings data on Friday, February 14th. The industrial products company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.18). The firm had revenue of $5.16 billion during the quarter. Norsk Hydro ASA had a return on equity of 8.68% and a net margin of 2.79%. On average, analysts forecast that Norsk Hydro ASA will post 0.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Citigroup upgraded Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Royal Bank of Canada downgraded Norsk Hydro ASA from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

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.