ABN AMRO Bank (OTCMKTS:AAVMY) Short Interest Update

ABN AMRO Bank (OTCMKTS:AAVMY) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 10,700 shares, a growth of 78.3% from the February 28th total of 6,000 shares. Based on an average trading volume of 32,400 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reaffirmed an “underweight” rating on shares of ABN AMRO Bank in a report on Friday, March 7th.

ABN AMRO Bank Stock Down 2.2 %

Shares of AAVMY opened at $21.24 on Friday. ABN AMRO Bank has a 1-year low of $14.77 and a 1-year high of $22.09. The firm’s 50 day simple moving average is $18.88 and its 200 day simple moving average is $17.19.

ABN AMRO Bank Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 9th. Stockholders of record on Monday, April 28th will be given a dividend of $0.7797 per share. The ex-dividend date of this dividend is Monday, April 28th. This is a boost from ABN AMRO Bank’s previous dividend of $0.51.

About ABN AMRO Bank

ABN AMRO Bank N.V. provides various banking products and financial services to retail, private, and business clients in the Netherlands and internationally. It operates through three segments: Personal & Business Banking, Wealth Management, and Corporate Banking. The company provides savings and deposits products; investment and insurance products; and consumer, personal, car, and home improvement loan.