Short Interest in Nordea Bank Abp (OTCMKTS:NRDBY) Declines By 55.0%

Nordea Bank Abp (OTCMKTS:NRDBY) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 87,800 shares, a decline of 55.0% from the February 13th total of 195,100 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 871,400 shares, the days-to-cover ratio is presently 0.1 days.

Nordea Bank Abp Stock Down 0.9 %

NRDBY opened at $13.99 on Friday. The stock has a market capitalization of $48.93 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 0.88 and a beta of 0.94. The company has a quick ratio of 1.29, a current ratio of 1.27 and a debt-to-equity ratio of 6.03. The firm has a 50 day moving average price of $12.47 and a 200-day moving average price of $11.83. Nordea Bank Abp has a twelve month low of $10.30 and a twelve month high of $14.57.

Nordea Bank Abp (OTCMKTS:NRDBY) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. Nordea Bank Abp had a net margin of 19.84% and a return on equity of 16.29%. Equities research analysts forecast that Nordea Bank Abp will post 1.4 earnings per share for the current year.

Nordea Bank Abp Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, April 7th. Investors of record on Monday, March 24th will be given a $0.9791 dividend. The ex-dividend date is Monday, March 24th. Nordea Bank Abp’s dividend payout ratio (DPR) is currently 60.00%.

Analyst Ratings Changes

Several research firms recently commented on NRDBY. Morgan Stanley restated an “overweight” rating on shares of Nordea Bank Abp in a research report on Friday, March 7th. Barclays reaffirmed an “overweight” rating on shares of Nordea Bank Abp in a research note on Monday, February 3rd.

About Nordea Bank Abp

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management segments. The Personal Banking segment provides various financial services to customers through mobile banking, over the phone, online meetings, and branch offices.