Norsk Hydro ASA (OTCMKTS:NHYDY) Short Interest Update

Norsk Hydro ASA (OTCMKTS:NHYDY) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 65,890 shares, a growth of 110.3% from the April 30th total of 31,326 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 331,453 shares, the short-interest ratio is presently 0.2 days.

Norsk Hydro ASA Price Performance

NHYDY opened at $12.23 on Monday. The firm has a 50-day simple moving average of $11.10 and a two-hundred day simple moving average of $9.31. Norsk Hydro ASA has a 52 week low of $5.37 and a 52 week high of $12.53. The company has a market capitalization of $24.19 billion, a PE ratio of 39.18, a price-to-earnings-growth ratio of 0.81 and a beta of 0.98. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.27.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. Norsk Hydro ASA had a net margin of 3.11% and a return on equity of 10.52%. The business had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.42 billion. Analysts forecast that Norsk Hydro ASA will post 1.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on NHYDY. Wall Street Zen downgraded shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Friday, February 27th. Morgan Stanley reissued an “equal weight” rating on shares of Norsk Hydro ASA in a report on Thursday, April 16th. Kepler Capital Markets downgraded shares of Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. Danske downgraded shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.

About Norsk Hydro ASA

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.