Norsk Hydro ASA (OTCMKTS:NHYDY) Short Interest Update

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

Norsk Hydro ASA Stock Performance

OTCMKTS NHYDY traded down $0.21 on Thursday, hitting $6.15. 51,763 shares of the stock were exchanged, compared to its average volume of 162,917. The company has a market capitalization of $12.36 billion, a PE ratio of 22.78, a P/E/G ratio of 0.26 and a beta of 1.56. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.60 and a quick ratio of 1.07. The business’s fifty day moving average is $6.06 and its 200 day moving average is $6.01. Norsk Hydro ASA has a 52 week low of $4.95 and a 52 week high of $6.98.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its earnings results on Friday, February 14th. The industrial products company reported $0.10 earnings per share (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 firm had revenue of $5.16 billion during the quarter. Research analysts anticipate that Norsk Hydro ASA will post 0.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.