Norsk Hydro ASA (OTCMKTS:NHYDY – Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 128,400 shares, an increase of 717.8% from the August 31st total of 15,700 shares. Based on an average daily trading volume, of 593,800 shares, the days-to-cover ratio is currently 0.2 days.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group raised shares of Norsk Hydro ASA to a “strong-buy” rating in a research note on Wednesday, June 12th.
Read Our Latest Analysis on Norsk Hydro ASA
Norsk Hydro ASA Price Performance
Norsk Hydro ASA (OTCMKTS:NHYDY – Get Free Report) last issued its earnings results on Tuesday, July 23rd. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.05). Norsk Hydro ASA had a return on equity of 4.69% and a net margin of 0.11%. The company had revenue of $4.88 billion during the quarter. Research analysts forecast that Norsk Hydro ASA will post 0.57 earnings per share 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.
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