Northern Trust Co. (NASDAQ:NTRSO) Sees Large Decline in Short Interest

Northern Trust Co. (NASDAQ:NTRSO) was the target of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 8,700 shares, a decline of 23.7% from the October 15th total of 11,400 shares. Based on an average trading volume of 23,400 shares, the days-to-cover ratio is presently 0.4 days.

Northern Trust Stock Down 0.2 %

Northern Trust stock traded down $0.04 during midday trading on Friday, hitting $21.75. The stock had a trading volume of 21,797 shares, compared to its average volume of 24,036. Northern Trust has a 12 month low of $20.31 and a 12 month high of $24.29. The business has a fifty day moving average price of $22.80 and a 200 day moving average price of $21.66.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Sunday, December 15th will be paid a $0.2938 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.18 dividend on an annualized basis and a yield of 5.40%.

About Northern Trust

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.