Norsk Hydro ASA (OTCMKTS:NHYDY) Short Interest Update

Norsk Hydro ASA (OTCMKTS:NHYDY) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 35,890 shares, a growth of 436.4% from the July 30th total of 6,691 shares. Based on an average daily trading volume, of 225,483 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Norsk Hydro ASA Trading Down 0.1%

Shares of Norsk Hydro ASA stock traded down $0.01 during mid-day trading on Thursday, hitting $9.92. 30,553 shares of the stock were exchanged, compared to its average volume of 246,510. The stock has a market capitalization of $19.62 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 1.80 and a beta of 1.02. Norsk Hydro ASA has a twelve month low of $6.38 and a twelve month high of $13.02. The company has a current ratio of 1.91, a quick ratio of 1.14 and a debt-to-equity ratio of 0.26. The company has a 50-day simple moving average of $9.29 and a 200 day simple moving average of $10.17.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Norsk Hydro ASA had a net margin of 4.90% and a return on equity of 11.46%. The business had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.74 billion. Research analysts forecast that Norsk Hydro ASA will post 0.91 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Citigroup restated a “neutral” rating on shares of Norsk Hydro ASA in a report on Tuesday, May 26th. Pareto Securities lowered shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Thursday, June 11th. Zacks Research cut shares of Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Norsk Hydro ASA in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Norsk Hydro ASA has a consensus rating of “Hold”.

About Norsk Hydro ASA

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.