Nordea Bank AB (OTCMKTS:NRDBY) Stock Short Interest Falls 97.9%

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

Nordea Bank Stock Up 0.1%

OTCMKTS NRDBY traded up $0.03 during trading on Thursday, reaching $18.77. 84,123 shares of the company’s stock were exchanged, compared to its average volume of 460,999. Nordea Bank has a fifty-two week low of $16.35 and a fifty-two week high of $21.39. The firm has a market capitalization of $63.86 billion, a PE ratio of 11.80, a P/E/G ratio of 1.45 and a beta of 0.75. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.68. The company’s fifty day simple moving average is $19.10 and its 200-day simple moving average is $19.08.

Nordea Bank (OTCMKTS:NRDBY) last issued its earnings results on Thursday, October 15th. The company reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. The company had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.37 billion. Nordea Bank had a return on equity of 15.06% and a net margin of 22.74%. Sell-side analysts predict that Nordea Bank will post 1.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NRDBY shares. Deutsche Bank restated a “buy” rating on shares of Nordea Bank in a research report on Wednesday, September 16th. Citigroup reiterated a “buy” rating on shares of Nordea Bank in a research report on Friday, July 17th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Nordea Bank in a research note on Monday, July 20th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Nordea Bank presently has an average rating of “Hold”.

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.