Nordea Bank AB (OTCMKTS:NRDBY) Sees Large Growth in Short Interest

Nordea Bank AB (OTCMKTS:NRDBY) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 118,419 shares, a growth of 365.5% from the September 30th total of 25,440 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 635,945 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NRDBY shares. The Goldman Sachs Group reiterated a “neutral” rating on shares of Nordea Bank in a report on Monday, July 20th. Citigroup restated a “buy” rating on shares of Nordea Bank in a report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nordea Bank in a research note on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Nordea Bank Stock Up 1.5%

NRDBY opened at $17.84 on Friday. The company has a market cap of $60.71 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 1.32 and a beta of 0.69. Nordea Bank has a 12 month low of $16.35 and a 12 month high of $21.39. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.79. The company has a 50 day moving average of $19.48 and a 200 day moving average of $19.14.

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

About Nordea Bank

Nordea Bank Abp is a financial services group headquartered in Helsinki, Finland, and one of the largest banks in the Nordic region. The group serves customers primarily in Finland, Sweden, Denmark and Norway through banking, lending, savings and investment services.

Nordea provides personal banking products such as deposit accounts, mortgages, consumer credit, payment services, cards and digital banking tools. For corporate and institutional customers, it offers financing, cash management, payment solutions, trade finance, capital markets services and investment banking.