Nordea Bank AB (OTCMKTS:NRDBY) Stock Short Interest Report for September

Nordea Bank AB (OTCMKTS:NRDBY) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 25,440 shares, an increase of 151.1% from the September 15th total of 10,130 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 181,430 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Citigroup reaffirmed a “buy” rating on shares of Nordea Bank in a report on Friday, July 17th. The Goldman Sachs Group reissued a “neutral” rating on shares of Nordea Bank in a research note on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Nordea Bank in a research note on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Nordea Bank Trading Up 0.5%

NRDBY traded up $0.10 during trading on Tuesday, reaching $18.96. The company had a trading volume of 45,694 shares, compared to its average volume of 477,110. The firm’s 50-day simple moving average is $20.14 and its 200 day simple moving average is $19.24. The company has a market cap of $64.51 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 1.41 and a beta of 0.69. Nordea Bank has a 12-month low of $16.19 and a 12-month high of $21.39. The company has a debt-to-equity ratio of 6.79, a quick ratio of 1.18 and a current ratio of 1.18.

Nordea Bank (OTCMKTS:NRDBY) last posted its quarterly earnings data on Thursday, July 16th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. Nordea Bank had a return on equity of 15.18% and a net margin of 22.82%. The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.41 billion. Equities research analysts anticipate that Nordea Bank will post 1.77 earnings per share for the current year.

About Nordea Bank

Nordea Bank Abp (OTCMKTS:NRDBY) is a Nordic financial services group headquartered in Helsinki, Finland. The bank provides banking, investment and insurance-related services to personal customers, businesses, institutional investors and public-sector organizations.

Nordea offers a broad range of products, including deposit and lending products, mortgages, payment and account services, credit cards, wealth management, investment advice, corporate finance and capital-markets services. Through its asset-management operations, the group also provides investment products and portfolio-management services to individual and institutional clients.

The bank serves customers primarily in Finland, Sweden, Denmark and Norway, with additional international operations supporting corporate and institutional clients.