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

Norsk Hydro ASA (OTCMKTS:NHYDY) was the target 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 trading volume, of 165,900 shares, the days-to-cover ratio is presently 0.3 days.

Norsk Hydro ASA Trading Up 7.6 %

OTCMKTS:NHYDY traded up $0.45 during mid-day trading on Friday, reaching $6.29. The company’s stock had a trading volume of 168,372 shares, compared to its average volume of 105,192. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.88 and a quick ratio of 1.28. The stock has a market cap of $12.64 billion, a P/E ratio of 104.83, a P/E/G ratio of 0.20 and a beta of 1.54. The company’s fifty day simple moving average is $6.10 and its two-hundred day simple moving average is $6.02. Norsk Hydro ASA has a twelve month low of $4.95 and a twelve month high of $6.98.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings data on Thursday, October 24th. The industrial products company reported $0.14 earnings per share for the quarter, hitting the consensus estimate 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 for the quarter. On average, equities analysts predict that Norsk Hydro ASA will post 0.59 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.