Norsk Hydro ASA (OTCMKTS:NHYDY) Short Interest Update

Norsk Hydro ASA (OTCMKTS:NHYDY) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 6,800 shares, an increase of 423.1% from the February 28th total of 1,300 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 245,400 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

NHYDY has been the topic of a number of research analyst reports. Royal Bank of Canada downgraded shares of Norsk Hydro ASA from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Citigroup upgraded shares of Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th.

Norsk Hydro ASA Stock Down 1.6 %

Shares of OTCMKTS NHYDY traded down $0.10 during mid-day trading on Friday, hitting $6.05. 79,878 shares of the stock traded hands, compared to its average volume of 161,484. The company has a market cap of $12.15 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 0.26 and a beta of 1.56. The stock has a fifty day moving average price of $6.06 and a 200-day moving average price of $6.01. Norsk Hydro ASA has a 52 week low of $4.95 and a 52 week high of $6.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.07 and a current ratio of 1.60.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its earnings results on Friday, February 14th. The industrial products company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.18). Norsk Hydro ASA had a net margin of 2.79% and a return on equity of 8.68%. The business had revenue of $5.16 billion for the quarter. Research analysts anticipate that Norsk Hydro ASA will post 0.72 EPS for the current year.

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.