Nordea Bank AB (OTCMKTS:NRDBY) Short Interest Update

Nordea Bank AB (OTCMKTS:NRDBY) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 384 shares, a decrease of 99.9% from the May 31st total of 263,906 shares. Based on an average trading volume of 2,688,980 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Nordea Bank Stock Performance

Shares of Nordea Bank stock traded down $0.01 during trading on Thursday, reaching $18.43. The company’s stock had a trading volume of 2,981,285 shares, compared to its average volume of 1,650,012. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.23 and a current ratio of 1.23. The business’s fifty day moving average price is $18.70 and its 200-day moving average price is $18.80. The firm has a market cap of $62.71 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 1.84 and a beta of 0.63. Nordea Bank has a one year low of $13.91 and a one year high of $20.61.

Nordea Bank (OTCMKTS:NRDBY) last announced its 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 for the quarter, compared to the consensus estimate of $3.37 billion. Nordea Bank had a net margin of 22.65% and a return on equity of 15.24%. As a group, equities research analysts predict that Nordea Bank will post 1.65 earnings per share for the current year.

Wall Street Analyst Weigh In

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