National Bank of Canada (OTCMKTS:NTIOF) Sees Significant Increase in Short Interest

National Bank of Canada (OTCMKTS:NTIOF) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 8,755,500 shares, an increase of 16.8% from the November 15th total of 7,495,000 shares. Based on an average daily volume of 169,700 shares, the days-to-cover ratio is presently 51.6 days.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NTIOF. Barclays cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Cibc World Mkts downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th.

National Bank of Canada Stock Performance

Shares of NTIOF stock traded down $0.13 during midday trading on Friday, hitting $94.26. 96,163 shares of the company were exchanged, compared to its average volume of 66,863. The firm has a market capitalization of $32.10 billion, a P/E ratio of 12.01 and a beta of 1.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. National Bank of Canada has a 52 week low of $70.00 and a 52 week high of $100.08. The firm’s 50 day moving average price is $95.83 and its two-hundred day moving average price is $89.31.

National Bank of Canada Increases Dividend

The company also recently announced a dividend, which was paid on Friday, November 1st. Stockholders of record on Monday, September 30th were given a $0.8081 dividend. This is an increase from National Bank of Canada’s previous dividend of $0.81. The ex-dividend date was Friday, September 27th. This represents a dividend yield of 3.45%. National Bank of Canada’s dividend payout ratio is presently 42.93%.

National Bank of Canada Company Profile

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.