Northern Trust Co. (NASDAQ:NTRSO) Sees Large Decline in Short Interest

Northern Trust Co. (NASDAQ:NTRSO) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 25,811 shares, a decrease of 36.2% from the February 26th total of 40,451 shares. Based on an average daily trading volume, of 30,302 shares, the short-interest ratio is currently 0.9 days.

Northern Trust Stock Down 0.7%

Northern Trust stock opened at $18.90 on Friday. Northern Trust has a 1-year low of $18.74 and a 1-year high of $21.15. The firm’s 50 day simple moving average is $19.58 and its 200 day simple moving average is $19.79.

Northern Trust Announces Dividend

The firm also recently declared 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. This represents a $1.18 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Friday, March 13th.

About Northern Trust

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.