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

Nordea Bank AB (OTCMKTS:NRDBY) saw a significant decrease in short interest in October. As of October 30th, there was short interest totaling 2,429 shares, a decrease of 97.9% from the October 15th total of 118,419 shares. Based on an average daily trading volume, of 626,371 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

NRDBY has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Nordea Bank in a report on Wednesday, September 16th. The Goldman Sachs Group restated a “neutral” rating on shares of Nordea Bank in a report on Monday, July 20th. Finally, Citigroup restated a “buy” rating on shares of Nordea Bank in a research report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Nordea Bank Stock Up 1.4%

OTCMKTS:NRDBY traded up $0.26 during trading hours on Tuesday, hitting $18.98. 246,742 shares of the company’s stock traded hands, compared to its average volume of 329,547. The firm has a market cap of $64.57 billion, a P/E ratio of 11.77, a P/E/G ratio of 1.40 and a beta of 0.75. Nordea Bank has a twelve month low of $16.35 and a twelve month high of $21.39. The company has a debt-to-equity ratio of 6.68, a quick ratio of 1.18 and a current ratio of 1.18. The stock’s fifty day moving average price is $19.14 and its two-hundred day moving average price is $19.09.

Nordea Bank (OTCMKTS:NRDBY) last announced its quarterly earnings data on Thursday, October 15th. The company reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. Nordea Bank had a return on equity of 15.06% and a net margin of 22.74%. The firm had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.37 billion. On average, research analysts expect that Nordea Bank will post 1.77 earnings per share for the current fiscal year.

Nordea Bank Company Profile

Nordea Bank Abp is a financial services group headquartered in Helsinki, Finland. It provides banking and related services to individuals, businesses and institutions, with a focus on the Nordic region. Its offerings include everyday and savings accounts, mortgages, consumer loans, payment services, and investment and wealth-management services for personal customers. For businesses and institutions, Nordea provides lending, cash management, trade finance, capital-markets services and other corporate banking solutions.