Nordea Bank AB (OTCMKTS:NRDBY) Sees Significant Increase in Short Interest

Nordea Bank AB (OTCMKTS:NRDBY) was the target of a large 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. Based on an average trading volume of 5,253,091 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

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

Nordea Bank Stock Performance

Nordea Bank stock traded down $0.23 during mid-day trading on Monday, reaching $18.99. 12,166 shares of the company’s stock were exchanged, compared to its average volume of 625,212. The business’s fifty day simple moving average is $18.81 and its 200 day simple moving average is $18.87. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 6.78. Nordea Bank has a one year low of $13.91 and a one year high of $20.61. The firm has a market capitalization of $64.63 billion, a PE ratio of 11.95, a P/E/G ratio of 1.92 and a beta of 0.63.

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

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.