Northern Trust Co. (NASDAQ:NTRSO) Sees Significant Growth in Short Interest

Northern Trust Co. (NASDAQ:NTRSO) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 17,800 shares, a growth of 122.5% from the January 15th total of 8,000 shares. Based on an average daily trading volume, of 44,500 shares, the days-to-cover ratio is currently 0.4 days.

Northern Trust Stock Performance

Shares of NTRSO traded up $0.22 during midday trading on Thursday, reaching $20.40. The stock had a trading volume of 22,636 shares, compared to its average volume of 41,605. Northern Trust has a one year low of $19.55 and a one year high of $24.29. The firm has a 50 day simple moving average of $20.46 and a 200-day simple moving average of $21.57.

Northern Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be paid a dividend of $0.2938 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.18 annualized dividend and a dividend yield of 5.76%.

Northern Trust Company Profile

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.