Short Interest in ABN AMRO Bank (OTCMKTS:AAVMY) Decreases By 30.8%

ABN AMRO Bank (OTCMKTS:AAVMY) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 7,400 shares, a decline of 30.8% from the March 15th total of 10,700 shares. Based on an average daily volume of 21,000 shares, the short-interest ratio is presently 0.4 days.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Barclays reiterated an “overweight” rating on shares of ABN AMRO Bank in a research report on Tuesday. Royal Bank of Canada raised ABN AMRO Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, April 4th. Finally, Morgan Stanley reissued an “underweight” rating on shares of ABN AMRO Bank in a research note on Friday, March 7th.

ABN AMRO Bank Trading Up 0.5 %

AAVMY opened at $20.66 on Friday. ABN AMRO Bank has a twelve month low of $14.77 and a twelve month high of $22.09. The company has a fifty day moving average of $19.95 and a 200-day moving average of $17.43.

ABN AMRO Bank Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 9th. Investors of record on Monday, April 28th will be given a dividend of $0.7797 per share. This is a positive change from ABN AMRO Bank’s previous dividend of $0.51. The ex-dividend date of this dividend is Monday, April 28th.

ABN AMRO Bank Company Profile

ABN AMRO Bank N.V. provides various banking products and financial services to retail, private, and business clients in the Netherlands and internationally. It operates through three segments: Personal & Business Banking, Wealth Management, and Corporate Banking. The company provides savings and deposits products; investment and insurance products; and consumer, personal, car, and home improvement loan.