Nordea Bank AB (OTCMKTS:NRDBY) Sees Significant Increase in Short Interest

Nordea Bank AB (OTCMKTS:NRDBY) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 57,304 shares, an increase of 337.7% from the August 15th total of 13,092 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 177,813 shares, the days-to-cover ratio is presently 0.3 days.

Nordea Bank Trading Up 1.0%

NRDBY stock traded up $0.20 during mid-day trading on Friday, reaching $20.64. The company’s stock had a trading volume of 117,612 shares, compared to its average volume of 89,936. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.79. Nordea Bank has a 12 month low of $16.06 and a 12 month high of $21.39. The business’s 50 day moving average price is $19.99 and its 200 day moving average price is $19.05. The company has a market cap of $70.23 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 1.89 and a beta of 0.63.

Nordea Bank (OTCMKTS:NRDBY) last announced its quarterly earnings data on Thursday, July 16th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.41 billion. Nordea Bank had a net margin of 22.82% and a return on equity of 15.18%. On average, equities research analysts predict that Nordea Bank will post 1.81 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NRDBY. Citigroup reaffirmed a “buy” rating on shares of Nordea Bank in a report on Friday, July 17th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Nordea Bank in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Nordea Bank presently has a consensus rating of “Hold”.

About Nordea Bank

Nordea Bank Abp is a financial services group headquartered in Helsinki, Finland, serving personal, business and institutional customers across the Nordic region. Its primary markets are Finland, Sweden, Norway and Denmark, with additional operations supporting selected international and Baltic customers.

The company provides retail banking services such as deposit accounts, mortgages, consumer finance, payment solutions, cards and digital banking. Nordea also offers corporate and investment banking, including lending, cash management, financial markets, advisory and capital-markets services.