Nordea Bank AB (OTCMKTS:NRDBY) Stock Short Interest Jumps 151.1%

Nordea Bank AB (OTCMKTS:NRDBY) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 25,440 shares, a growth of 151.1% from the September 15th total of 10,130 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 181,430 shares, the short-interest ratio is currently 0.1 days.

Nordea Bank Trading Up 1.2%

OTCMKTS:NRDBY opened at $19.09 on Wednesday. The company has a debt-to-equity ratio of 6.79, a quick ratio of 1.18 and a current ratio of 1.18. Nordea Bank has a one year low of $16.19 and a one year high of $21.39. The business’s 50-day simple moving average is $20.11 and its 200 day simple moving average is $19.25. The stock has a market cap of $64.96 billion, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 1.41 and a beta of 0.69.

Nordea Bank (OTCMKTS:NRDBY) last issued its quarterly earnings results on Thursday, July 16th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Nordea Bank had a return on equity of 15.18% and a net margin of 22.82%. The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.41 billion. As a group, sell-side analysts predict that Nordea Bank will post 1.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NRDBY has been the subject of several analyst reports. Citigroup restated a “buy” rating on shares of Nordea Bank in a research note on Friday, July 17th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Nordea Bank in a report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nordea Bank in a research note on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Nordea Bank Company Profile

Nordea Bank Abp (OTCMKTS:NRDBY) is a Nordic financial services group headquartered in Helsinki, Finland. The bank provides banking, investment and insurance-related services to personal customers, businesses, institutional investors and public-sector organizations.

Nordea offers a broad range of products, including deposit and lending products, mortgages, payment and account services, credit cards, wealth management, investment advice, corporate finance and capital-markets services. Through its asset-management operations, the group also provides investment products and portfolio-management services to individual and institutional clients.

The bank serves customers primarily in Finland, Sweden, Denmark and Norway, with additional international operations supporting corporate and institutional clients.