ABN AMRO Bank (OTCMKTS:AAVMY) Shares Shorted: Short Interest Up 60.9% in September

ABN AMRO Bank (OTCMKTS:AAVMY) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 28,776 shares, a growth of 60.9% from the August 31st total of 17,883 shares. Based on an average trading volume of 25,541 shares, the short-interest ratio is currently 1.1 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

AAVMY has been the subject of several research analyst reports. Zacks Research upgraded ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Royal Bank Of Canada reissued an “outperform” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Citigroup reissued a “buy” rating on shares of ABN AMRO Bank in a research report on Friday, September 18th. Finally, Morgan Stanley restated an “overweight” rating on shares of ABN AMRO Bank in a research note on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

ABN AMRO Bank Price Performance

Shares of OTCMKTS AAVMY opened at $48.48 on Thursday. The firm’s 50 day simple moving average is $47.76 and its 200-day simple moving average is $41.21. ABN AMRO Bank has a 12 month low of $28.46 and a 12 month high of $50.63. The stock has a market capitalization of $39.77 billion and a price-to-earnings ratio of 14.96. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.14 and a quick ratio of 1.14.

ABN AMRO Bank (OTCMKTS:AAVMY) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.13. ABN AMRO Bank had a return on equity of 9.12% and a net margin of 14.22%.The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.67 billion. Analysts expect that ABN AMRO Bank will post 3.76 EPS for the current year.

About ABN AMRO Bank

ABN AMRO Bank N.V. is a Dutch financial services company headquartered in Amsterdam. The bank provides retail, private and corporate banking services, with the Netherlands as its principal market. Its offerings include current and savings accounts, mortgages, consumer lending, payment services, business financing, cash management and other financial solutions.

Through its Wealth Management business, ABN AMRO serves affluent individuals, families and institutions with investment management, financial planning and private banking services.