Short Interest in Norsk Hydro ASA (OTCMKTS:NHYDY) Drops By 80.2%

Norsk Hydro ASA (OTCMKTS:NHYDY) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 25,400 shares, a decline of 80.2% from the September 15th total of 128,400 shares. Based on an average daily volume of 258,100 shares, the short-interest ratio is currently 0.1 days.

Norsk Hydro ASA Stock Up 2.3 %

Shares of OTCMKTS NHYDY traded up $0.14 during mid-day trading on Thursday, hitting $6.31. The company had a trading volume of 40,322 shares, compared to its average volume of 202,642. 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 firm has a 50-day simple moving average of $5.67 and a two-hundred day simple moving average of $6.02. The company has a market capitalization of $12.68 billion, a PE ratio of 45.07, a price-to-earnings-growth ratio of 0.20 and a beta of 1.53. Norsk Hydro ASA has a one year low of $4.95 and a one year high of $6.98.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its earnings results on Tuesday, July 23rd. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.05). The company had revenue of $4.88 billion for the quarter. Norsk Hydro ASA had a return on equity of 4.69% and a net margin of 0.11%. On average, equities analysts expect that Norsk Hydro ASA will post 0.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Norsk Hydro ASA to a “strong-buy” rating in a research note on Wednesday, June 12th.

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.