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

Northern Trust Co. (NASDAQ:NTRSO) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 25,811 shares, a drop of 36.2% from the February 26th total of 40,451 shares. Based on an average daily volume of 30,302 shares, the short-interest ratio is currently 0.9 days.

Northern Trust Price Performance

Shares of NASDAQ NTRSO traded down $0.06 during midday trading on Friday, hitting $18.84. 23,520 shares of the company’s stock traded hands, compared to its average volume of 36,465. Northern Trust has a 1 year low of $18.74 and a 1 year high of $21.15. The firm has a fifty day moving average of $19.56 and a 200 day moving average of $19.77.

Northern Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Sunday, March 15th will be given a $0.2938 dividend. The ex-dividend date is Friday, March 13th. This represents a $1.18 dividend on an annualized basis and a yield of 6.2%.

Northern Trust Company Profile

Northern Trust Corporation is a leading global financial services firm specializing in asset servicing, asset management, wealth management and banking solutions. The company provides custody and fund administration, investment management, fiduciary and trust services, treasury management and related investment operations for institutions, affluent families, and high-net-worth individuals. Its platform supports a wide range of asset classes including equities, fixed income, alternatives and private markets, and delivers clearing and execution, performance measurement, accounting, and regulatory reporting solutions.

Founded in Chicago in 1889, Northern Trust has expanded to serve clients across North America, Europe, the Middle East and the Asia-Pacific region.