Nordea Bank AB (OTCMKTS:NRDBY) Short Interest Up 631.8% in June

Nordea Bank AB (OTCMKTS:NRDBY) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 2,810 shares, a growth of 631.8% from the June 15th total of 384 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 5,253,091 shares, the short-interest ratio is currently 0.0 days.

Nordea Bank Trading Down 0.2%

Shares of OTCMKTS NRDBY traded down $0.04 during mid-day trading on Friday, hitting $19.22. The company’s stock had a trading volume of 1,520,920 shares, compared to its average volume of 1,556,222. The company’s fifty day simple moving average is $18.81 and its 200-day simple moving average is $18.87. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.23 and a quick ratio of 1.23. Nordea Bank has a one year low of $13.91 and a one year high of $20.61. The stock has a market cap of $65.40 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 1.93 and a beta of 0.63.

Nordea Bank (OTCMKTS:NRDBY) last issued its earnings results on Wednesday, April 22nd. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). Nordea Bank had a net margin of 22.65% and a return on equity of 15.24%. The firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.37 billion. On average, sell-side analysts anticipate that Nordea Bank will post 1.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NRDBY shares. Citigroup reissued a “buy” rating on shares of Nordea Bank in a research note on Thursday, April 23rd. Morgan Stanley reissued an “overweight” rating on shares of Nordea Bank in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Nordea Bank Company Profile

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.