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

Nordea Bank AB (OTCMKTS:NRDBY) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 384 shares, a decrease of 99.9% from the May 31st total of 263,906 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 2,688,980 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

NRDBY has been the topic of a number of research reports. Citigroup reissued a “buy” rating on shares of Nordea Bank in a research note on Thursday, April 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Nordea Bank in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Nordea Bank Stock Up 0.6%

Nordea Bank stock traded up $0.11 during trading on Friday, reaching $18.54. 93,102 shares of the company’s stock were exchanged, compared to its average volume of 609,459. Nordea Bank has a 52-week low of $13.91 and a 52-week high of $20.61. The firm has a market cap of $63.09 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 1.84 and a beta of 0.63. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.23 and a current ratio of 1.23. The company’s 50-day moving average is $18.70 and its two-hundred day moving average is $18.80.

Nordea Bank (OTCMKTS:NRDBY) last announced its earnings results on Wednesday, April 22nd. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Nordea Bank had a net margin of 22.65% and a return on equity of 15.24%. On average, analysts predict that Nordea Bank will post 1.65 earnings per share for the current year.

Nordea Bank Company Profile

Nordea Bank is a leading financial services group focused on serving retail, corporate and institutional customers across the Nordic region. The bank’s core activities include retail and commercial banking, corporate and institutional banking, asset and wealth management, and related financial services such as payments, cash management and trade finance. Nordea delivers these services through branch and digital channels, aiming to provide integrated banking solutions for everyday consumers, small and medium enterprises, and large corporations.

Product offerings span deposit and lending products including mortgages and consumer loans, transaction banking and treasury services for corporate clients, investment and pension solutions through its asset management businesses, and wealth management services for private clients.