Norsk Hydro ASA (OTCMKTS:NHYDY) Short Interest Update

Norsk Hydro ASA (OTCMKTS:NHYDY) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 30,100 shares, a growth of 342.6% from the March 15th total of 6,800 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 250,600 shares, the days-to-cover ratio is currently 0.1 days.

Norsk Hydro ASA Stock Down 1.4 %

Shares of OTCMKTS:NHYDY opened at $4.97 on Thursday. The company has a current ratio of 1.60, a quick ratio of 1.07 and a debt-to-equity ratio of 0.23. The firm has a market cap of $9.98 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 0.26 and a beta of 1.45. The stock’s 50-day moving average price is $5.85 and its two-hundred day moving average price is $5.95. Norsk Hydro ASA has a 12-month low of $4.50 and a 12-month high of $6.98.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its earnings results on Friday, February 14th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.18). Norsk Hydro ASA had a return on equity of 8.68% and a net margin of 2.79%. The company had revenue of $5.16 billion during the quarter. On average, research analysts forecast that Norsk Hydro ASA will post 0.72 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group downgraded shares of Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 10th. Royal Bank of Canada cut shares of Norsk Hydro ASA from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

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.