Nordea Bank AB (OTCMKTS:NRDBY) Short Interest Up 90.3% in April

Nordea Bank AB (OTCMKTS:NRDBY) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 203,009 shares, a growth of 90.3% from the April 15th total of 106,692 shares. Based on an average daily volume of 522,753 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.

Nordea Bank Trading Down 0.9%

NRDBY traded down $0.17 during trading on Friday, hitting $17.97. The company’s stock had a trading volume of 214,114 shares, compared to its average volume of 248,022. The firm’s 50 day moving average price is $18.22 and its 200-day moving average price is $18.49. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market cap of $61.31 billion, a PE ratio of 11.30, a PEG ratio of 1.97 and a beta of 0.64. Nordea Bank has a twelve month low of $13.91 and a twelve month high of $20.61.

Nordea Bank (OTCMKTS:NRDBY) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.37 billion. Nordea Bank had a net margin of 22.65% and a return on equity of 15.15%. On average, analysts expect that Nordea Bank will post 1.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NRDBY shares. Citigroup restated a “buy” rating on shares of Nordea Bank in a research report on Thursday, April 23rd. Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a research report on Tuesday. Finally, Zacks Research upgraded Nordea Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Nordea Bank has an average rating of “Hold”.

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.