Northern Trust Co. (NASDAQ:NTRSO) Sees Significant Decrease in Short Interest

Northern Trust Co. (NASDAQ:NTRSO) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 8,700 shares, a decrease of 23.7% from the October 15th total of 11,400 shares. Based on an average daily volume of 23,400 shares, the days-to-cover ratio is currently 0.4 days.

Northern Trust Trading Down 0.2 %

Northern Trust stock traded down $0.04 during mid-day trading on Friday, hitting $21.75. 21,797 shares of the company’s stock were exchanged, compared to its average volume of 24,036. Northern Trust has a 1-year low of $20.31 and a 1-year high of $24.29. The stock has a 50 day moving average of $22.80 and a two-hundred day moving average of $21.67.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Sunday, December 15th will be issued a $0.2938 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.18 annualized dividend and a yield of 5.40%.

About Northern Trust

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.