Short Interest in Norsk Hydro ASA (OTCMKTS:NHYDY) Expands By 423.1%

Norsk Hydro ASA (OTCMKTS:NHYDY) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 6,800 shares, a growth of 423.1% from the February 28th total of 1,300 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 245,400 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

NHYDY has been the subject of a number of recent research reports. Citigroup upgraded shares of Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Royal Bank of Canada downgraded Norsk Hydro ASA from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 21st.

Norsk Hydro ASA Stock Down 3.3 %

Shares of Norsk Hydro ASA stock traded down $0.21 during trading on Wednesday, reaching $6.15. The company had a trading volume of 51,763 shares, compared to its average volume of 162,917. The company has a market cap of $12.36 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 0.26 and a beta of 1.56. Norsk Hydro ASA has a fifty-two week low of $4.95 and a fifty-two week high of $6.98. The firm’s fifty day moving average is $6.06 and its 200-day moving average is $6.01. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.07 and a current ratio of 1.60.

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

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.