Nordea Bank AB (OTCMKTS:NRDBY) Short Interest Up 631.8% in June

Nordea Bank AB (OTCMKTS:NRDBY) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 2,810 shares, an increase of 631.8% from the June 15th total of 384 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 5,253,091 shares, the days-to-cover ratio is presently 0.0 days.

Nordea Bank Stock Down 0.2%

Shares of OTCMKTS:NRDBY traded down $0.04 on Friday, hitting $19.22. 1,520,920 shares of the company’s stock were exchanged, compared to its average volume of 1,542,295. Nordea Bank has a 1-year low of $13.91 and a 1-year high of $20.61. The company has a market capitalization of $65.40 billion, a PE ratio of 12.09, a P/E/G ratio of 1.92 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 firm’s 50-day moving average is $18.81 and its 200 day moving average is $18.87.

Nordea Bank (OTCMKTS:NRDBY) last issued 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 business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.37 billion. Nordea Bank had a return on equity of 15.24% and a net margin of 22.65%. Sell-side analysts predict that Nordea Bank will post 1.65 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Citigroup reiterated a “buy” rating on shares of Nordea Bank in a report on Thursday, April 23rd. Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Nordea Bank has a consensus rating of “Hold”.

About Nordea Bank

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.