Norsk Hydro ASA (OTCMKTS:NHYDY) Short Interest Update

Norsk Hydro ASA (OTCMKTS:NHYDY) was the target of a significant decline in short interest in the month of 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 trading volume of 165,900 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded shares of Norsk Hydro ASA to a “strong-buy” rating in a research report on Wednesday, October 16th.

Norsk Hydro ASA Stock Up 7.6 %

OTCMKTS NHYDY traded up $0.45 during trading on Friday, reaching $6.29. 168,372 shares of the company’s stock were exchanged, compared to its average volume of 105,192. The firm has a market capitalization of $12.64 billion, a PE ratio of 104.83, a P/E/G ratio of 0.20 and a beta of 1.54. Norsk Hydro ASA has a fifty-two week low of $4.95 and a fifty-two week high of $6.98. The company has a current ratio of 1.88, a quick ratio of 1.28 and a debt-to-equity ratio of 0.28. The company’s fifty day simple moving average is $6.10 and its 200-day simple moving average is $6.02.

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 for the quarter, meeting 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 firm had revenue of $4.68 billion for the quarter. Sell-side analysts predict that Norsk Hydro ASA will post 0.59 EPS for the current year.

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.