Short Interest in Nordea Bank AB (OTCMKTS:NRDBY) Expands By 337.7%

Nordea Bank AB (OTCMKTS:NRDBY) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 57,304 shares, a growth of 337.7% from the August 15th total of 13,092 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 177,813 shares, the short-interest ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

NRDBY has been the subject of several recent analyst reports. The Goldman Sachs Group reissued a “neutral” rating on shares of Nordea Bank in a research note on Monday, July 20th. Citigroup restated a “buy” rating on shares of Nordea Bank in a research note on Friday, July 17th. One 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Nordea Bank Price Performance

OTCMKTS NRDBY opened at $20.64 on Friday. Nordea Bank has a 12 month low of $16.06 and a 12 month high of $21.39. The company has a debt-to-equity ratio of 6.79, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market capitalization of $70.23 billion, a PE ratio of 12.82, a P/E/G ratio of 1.87 and a beta of 0.63. The company’s 50 day simple moving average is $19.99 and its 200 day simple moving average is $19.05.

Nordea Bank (OTCMKTS:NRDBY) last announced its earnings results on Thursday, July 16th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. The firm had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Nordea Bank had a return on equity of 15.18% and a net margin of 22.82%. As a group, equities research analysts forecast that Nordea Bank will post 1.8 EPS for the current fiscal year.

About Nordea Bank

Nordea Bank Abp is a financial services group headquartered in Helsinki, Finland, serving personal, business and institutional customers across the Nordic region. Its primary markets are Finland, Sweden, Norway and Denmark, with additional operations supporting selected international and Baltic customers.

The company provides retail banking services such as deposit accounts, mortgages, consumer finance, payment solutions, cards and digital banking. Nordea also offers corporate and investment banking, including lending, cash management, financial markets, advisory and capital-markets services.