Norsk Hydro ASA (OTCMKTS:NHYDY) Short Interest Up 717.8% in September

Norsk Hydro ASA (OTCMKTS:NHYDY) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 128,400 shares, an increase of 717.8% from the August 31st total of 15,700 shares. Based on an average daily trading volume, of 593,800 shares, the short-interest ratio is presently 0.2 days.

Norsk Hydro ASA Stock Up 2.0 %

Shares of NHYDY traded up $0.12 during trading hours on Friday, reaching $6.45. The company’s stock had a trading volume of 120,422 shares, compared to its average volume of 208,239. The company has a quick ratio of 1.28, a current ratio of 1.88 and a debt-to-equity ratio of 0.28. The firm has a market cap of $12.96 billion, a price-to-earnings ratio of 46.07, a P/E/G ratio of 0.20 and a beta of 1.53. The company has a 50 day moving average of $5.52 and a two-hundred day moving average of $5.96. Norsk Hydro ASA has a 1-year low of $4.95 and a 1-year high of $6.98.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.05). Norsk Hydro ASA had a net margin of 0.11% and a return on equity of 4.69%. The company had revenue of $4.88 billion during the quarter. As a group, research analysts predict that Norsk Hydro ASA will post 0.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Norsk Hydro ASA to a “strong-buy” rating in a research report on Wednesday, June 12th.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.