Norsk Hydro ASA (OTCMKTS:NHYDY) Short Interest Down 24.1% in October

Norsk Hydro ASA (OTCMKTS:NHYDY) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 44,000 shares, a decline of 24.1% from the October 15th total of 58,000 shares. Based on an average daily volume of 165,900 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded Norsk Hydro ASA to a “strong-buy” rating in a report on Wednesday, October 16th.

Norsk Hydro ASA Stock Performance

NHYDY stock traded up $0.45 on Friday, hitting $6.29. The company’s stock had a trading volume of 168,372 shares, compared to its average volume of 105,192. The stock has a market cap of $12.64 billion, a price-to-earnings ratio of 104.83, a price-to-earnings-growth ratio of 0.20 and a beta of 1.54. The firm has a 50 day moving average of $6.10 and a two-hundred day moving average of $6.02. The company has a current ratio of 1.88, a quick ratio of 1.28 and a debt-to-equity ratio of 0.28. 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 announced its earnings results on Thursday, October 24th. The industrial products company reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. Norsk Hydro ASA had a net margin of 0.69% and a return on equity of 7.03%. The business had revenue of $4.68 billion during the quarter. Equities analysts predict that Norsk Hydro ASA will post 0.59 EPS for the current fiscal year.

About Norsk Hydro ASA

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.