Nordea Bank Abp (OTCMKTS:NRDBY) sees a sharp increase in short-term interest

Nordea Bank Abp (OTCMKTS:NRDBY – Get Rating) was the target of a significant increase in short interest in the month of February. As of February 28, there was short interest totaling 66,400 shares, an increase of 69.4% from the total of 39,200 shares as of February 13. Based on an average daily volume of 309,500 shares, the short interest ratio is currently 0.2 days.

Several equity research analysts have commented on NRDBY shares. Pareto Securities downgraded shares of Nordea Bank Abp from a “buy” rating to a “hold” rating in a report released on Tuesday, January 18. Barclays lowered its price target on Nordea Bank Abp from SEK 11.20 to SEK 10.70 and set an “equal weight” rating on the stock in a Wednesday, January 19 report. Deutsche Bank Aktiengesellschaft raised its price target on Nordea Bank Abp shares from €12.50 ($13.59) to €12.60 ($13.70) and assigned the stock a “buy” rating. in a report on Friday, February 4. UBS Group raised its price target on Nordea Bank Abp from SEK 127 to SEK 137 and gave the company a “buy” rating in a Friday, February 4 research note. Finally, Credit Suisse Group lowered its price target on Nordea Bank Abp from €11.50 ($12.50) to €10.30 ($11.20) in a Friday, February 4 report. One research analyst rated the stock with a sell rating, four assigned a hold rating and five assigned the company a buy rating. According to MarketBeat, Nordea Bank Abp currently has a consensus rating of “Hold” and an average target price of $69.77.

Shares of OTCMKTS:NRDBY traded at $0.19 in Friday’s midday session, hitting $10.20. 108,889 shares of the company were traded, compared to its average volume of 156,291. Nordea Bank Abp has a 1-year low of $9.01 and a 1-year high of $13.29. The stock has a 50-day moving average of $11.65 and a 200-day moving average of $12.04. The company has a market capitalization of $39.69 billion, a price-earnings ratio of 9.10 and a beta of 1.13. The company has a debt ratio of 5.45, a quick ratio of 1.42 and a current ratio of 1.40.

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About Nordea Bank Abp (Get an assessment)

Nordea Bank Abp provides comprehensive banking services. It operates through the following segments: Personal Banking; Corporate banking ; Large Companies and Institutions; and asset and wealth management. The Personal Banking segment provides residential customers with financial services and solutions through the Internet and mobile banking, telephone, online meetings and branches.

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