Northern Trust Co. (NASDAQ:NTRSO) Short Interest Up 21.7% in February

Northern Trust Co. (NASDAQ:NTRSO) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 40,451 shares, a growth of 21.7% from the February 12th total of 33,244 shares. Based on an average daily volume of 31,291 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 31,291 shares, the days-to-cover ratio is currently 1.3 days.

Northern Trust Price Performance

Shares of NTRSO traded up $0.16 during trading on Monday, reaching $19.19. 49,505 shares of the company traded hands, compared to its average volume of 38,104. The stock has a 50-day simple moving average of $19.68 and a 200-day simple moving average of $19.86. Northern Trust has a twelve month low of $18.74 and a twelve month high of $21.15.

Northern Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Sunday, March 15th will be given a dividend of $0.2938 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 6.1%.

Northern Trust Company Profile

Northern Trust Corporation is a leading global financial services firm specializing in asset servicing, asset management, wealth management and banking solutions. The company provides custody and fund administration, investment management, fiduciary and trust services, treasury management and related investment operations for institutions, affluent families, and high-net-worth individuals. Its platform supports a wide range of asset classes including equities, fixed income, alternatives and private markets, and delivers clearing and execution, performance measurement, accounting, and regulatory reporting solutions.

Founded in Chicago in 1889, Northern Trust has expanded to serve clients across North America, Europe, the Middle East and the Asia-Pacific region.