Norsk Hydro ASA (OTCMKTS:NHYDY) Short Interest Update

Norsk Hydro ASA (OTCMKTS:NHYDY) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 600 shares, a decline of 97.5% from the December 15th total of 24,300 shares. Based on an average daily trading volume, of 393,000 shares, the days-to-cover ratio is currently 0.0 days.

Norsk Hydro ASA Trading Up 2.2 %

NHYDY stock traded up $0.12 during midday trading on Monday, hitting $5.67. The stock had a trading volume of 106,029 shares, compared to its average volume of 199,033. The firm has a market cap of $11.39 billion, a P/E ratio of 94.50, a price-to-earnings-growth ratio of 0.21 and a beta of 1.54. The company has a current ratio of 1.60, a quick ratio of 1.07 and a debt-to-equity ratio of 0.23. Norsk Hydro ASA has a 1-year low of $4.95 and a 1-year high of $6.98. The business has a fifty day moving average price of $5.92 and a two-hundred day moving average price of $5.88.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its quarterly earnings data on Thursday, October 24th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. The company had revenue of $4.68 billion for the quarter. Norsk Hydro ASA had a net margin of 0.69% and a return on equity of 7.26%. On average, sell-side analysts predict that Norsk Hydro ASA will post 0.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NHYDY has been the topic of a number of research reports. Barclays raised shares of Norsk Hydro ASA to a “strong-buy” rating in a research note on Wednesday, October 16th. Citigroup raised shares of Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th.

About Norsk Hydro ASA

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.