National Bank of Canada (OTCMKTS:NTIOF) Sees Significant Growth in Short Interest

National Bank of Canada (OTCMKTS:NTIOF) was the target of a significant growth in short interest in November. As of November 30th, there was short interest totalling 8,755,500 shares, a growth of 16.8% from the November 15th total of 7,495,000 shares. Based on an average daily trading volume, of 169,700 shares, the days-to-cover ratio is presently 51.6 days.

National Bank of Canada Trading Down 0.1 %

Shares of OTCMKTS NTIOF traded down $0.13 during mid-day trading on Friday, hitting $94.26. The stock had a trading volume of 96,163 shares, compared to its average volume of 66,863. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market cap of $32.10 billion, a P/E ratio of 12.01 and a beta of 1.06. National Bank of Canada has a 1 year low of $70.00 and a 1 year high of $100.08. The business has a 50 day moving average price of $95.83 and a two-hundred day moving average price of $89.31.

National Bank of Canada Increases Dividend

The company also recently declared a dividend, which was paid on Friday, November 1st. Stockholders of record on Monday, September 30th were issued a dividend of $0.8081 per share. This is a boost from National Bank of Canada’s previous dividend of $0.81. The ex-dividend date of this dividend was Friday, September 27th. This represents a dividend yield of 3.45%. National Bank of Canada’s dividend payout ratio is presently 42.93%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Barclays lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th.

National Bank of Canada Company Profile

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.