Norsk Hydro ASA (OTCMKTS:NHYDY) Short Interest Update

Norsk Hydro ASA (OTCMKTS:NHYDY) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 24,300 shares, an increase of 273.8% from the November 30th total of 6,500 shares. Based on an average daily trading volume, of 259,300 shares, the short-interest ratio is presently 0.1 days.

Norsk Hydro ASA Stock Up 0.2 %

Shares of OTCMKTS:NHYDY traded up $0.01 during midday trading on Thursday, reaching $5.52. 142,374 shares of the company were exchanged, compared to its average volume of 185,304. The firm has a market cap of $11.09 billion, a PE ratio of 92.00, a P/E/G ratio of 0.21 and a beta of 1.52. Norsk Hydro ASA has a fifty-two week low of $4.95 and a fifty-two week high of $6.98. The stock has a fifty day simple moving average of $6.08 and a two-hundred day simple moving average of $5.94. The company has a quick ratio of 1.07, a current ratio of 1.60 and a debt-to-equity ratio of 0.23.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its earnings results on Thursday, October 24th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. Norsk Hydro ASA had a return on equity of 7.26% and a net margin of 0.69%. The business had revenue of $4.68 billion for the quarter. As a group, sell-side analysts forecast that Norsk Hydro ASA will post 0.55 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on NHYDY shares. Citigroup raised Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Barclays raised Norsk Hydro ASA to a “strong-buy” rating in a research note on Wednesday, October 16th.

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.