National Bank of Canada (OTCMKTS:NTIOF) Short Interest Update

National Bank of Canada (OTCMKTS:NTIOF) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 8,953,400 shares, a decline of 29.0% from the January 15th total of 12,614,500 shares. Based on an average daily volume of 80,500 shares, the days-to-cover ratio is presently 111.2 days.

National Bank of Canada Stock Up 0.8 %

OTCMKTS NTIOF traded up $0.75 during mid-day trading on Friday, reaching $89.21. The stock had a trading volume of 24,260 shares, compared to its average volume of 73,418. National Bank of Canada has a 1 year low of $75.03 and a 1 year high of $100.08. The stock has a market cap of $34.90 billion, a PE ratio of 11.36 and a beta of 1.07. The company has a fifty day moving average price of $91.17 and a 200 day moving average price of $92.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76.

National Bank of Canada (OTCMKTS:NTIOF) last announced its earnings results on Wednesday, December 4th. The financial services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.05. National Bank of Canada had a net margin of 24.65% and a return on equity of 17.21%. On average, research analysts expect that National Bank of Canada will post 7.66 earnings per share for the current year.

National Bank of Canada Increases Dividend

The business also recently announced a dividend, which was paid on Saturday, February 1st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.8104 per share. The ex-dividend date of this dividend was Monday, December 30th. This is a positive change from National Bank of Canada’s previous dividend of $0.81. This represents a yield of 3.53%. National Bank of Canada’s payout ratio is currently 41.02%.

Analysts Set New Price Targets

NTIOF has been the topic of a number of analyst reports. Cibc World Mkts raised National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Cormark upgraded shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a report on Wednesday, January 15th. Finally, Barclays lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st.

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.