Nordea Bank Abp (OTCMKTS:NRDBY) Interest Update

Nordea Bank Abp (OTCMKTS:NRDBY – Get Rating) benefited from a significant increase in short interest during the month of May. As of May 31, there was short interest totaling 111,900 shares, an increase of 390.8% from the May 15 total of 22,800 shares. Based on an average trading volume of 400,900 shares, the day-to-cover ratio is currently 0.3 days.

Nordea Bank Abp stock opened at $9.63 on Friday. The company has a market capitalization of $36.49 billion, a PE ratio of 8.65, a P/E/G ratio of 2.43 and a beta of 1.05. The company’s 50-day moving average is $10.11 and its 200-day moving average is $11.07. Nordea Bank Abp has a fifty-two week low of $9.01 and a fifty-two week high of $13.29. The company has a debt ratio of 6.46, a current ratio of 1.38 and a quick ratio of 1.38.

The company also recently disclosed a dividend, which was paid on Monday, April 11. Shareholders of record on Monday, March 28 received a dividend of $0.488 per share. The ex-dividend date was Friday, March 25. This represents a dividend yield of 9.1%. Nordea Bank Abp’s dividend payout ratio is currently 48.96%.

A number of stock analysts have released reports on the stock. Berenberg Bank raised its price target on Nordea Bank Abp shares from SEK 120 to SEK 125 and gave the company a “buy” rating in a Thursday, March 3 research note. Barclays raised its price target on shares of Nordea Bank Abp from €10.40 ($11.18) to €11.20 ($12.04) in a Thursday May 12 research report. Morgan Stanley raised its price target on Nordea Bank Abp shares from SEK 113 to SEK 118 and gave the stock an “equal weight” rating in a research report on Tuesday, May 3. Societe Generale upgraded shares of Nordea Bank Abp from a “hold” rating to a “buy” rating and set a price target of €10.70 ($11.51) on the stock in a Friday report May 27. Finally, Credit Suisse Group raised its price target on Nordea Bank Abp shares from €9.50 ($10.22) to €9.60 ($10.32) and assigned the stock a rating of “neutral” in a Friday, April 29 report. An equity research analyst rated the stock a sell rating, four gave the company’s stock a hold rating, and five gave the company’s stock a buy rating. According to MarketBeat, Nordea Bank Abp has an average rating of “Hold” and a consensus target price of $67.25.

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Nordea Bank Abp Company Profile (Get a rating)

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark and internationally. It operates through Personal Banking, Business Banking, Corporates and Institutions, and Asset and Wealth Management segments. The Personal Banking segment provides various financial services to residential customers through Internet and mobile banking, telephone, online meetings and branches.

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