Short Interest in Nordea Bank Abp (OTCMKTS:NRDBY) Decreases By 41.2%

Nordea Bank Abp (OTCMKTS:NRDBY) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 52,000 shares, a drop of 41.2% from the November 30th total of 88,500 shares. Based on an average daily volume of 601,600 shares, the days-to-cover ratio is currently 0.1 days.

Nordea Bank Abp Stock Up 0.9 %

Shares of OTCMKTS:NRDBY opened at $10.91 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 6.23. The stock has a market cap of $38.19 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 0.71 and a beta of 0.92. The business’s 50 day moving average is $11.41 and its 200 day moving average is $11.61. Nordea Bank Abp has a 12-month low of $10.30 and a 12-month high of $12.90.

Nordea Bank Abp (OTCMKTS:NRDBY) last announced its quarterly earnings data on Thursday, October 17th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.34 by $0.06. Nordea Bank Abp had a net margin of 19.28% and a return on equity of 16.41%. The business had revenue of $3.31 billion for the quarter. On average, sell-side analysts forecast that Nordea Bank Abp will post 1.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised Nordea Bank Abp to a “strong-buy” rating in a research note on Friday, September 27th.

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.