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

National Bank of Canada (OTCMKTS:NTIOF) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 14,911,900 shares, an increase of 130.2% from the February 28th total of 6,478,600 shares. Approximately 3.8% of the company’s shares are short sold. Based on an average trading volume of 67,400 shares, the short-interest ratio is presently 221.2 days.

National Bank of Canada Stock Down 0.9 %

NTIOF traded down $0.78 on Friday, reaching $83.30. 119,679 shares of the company traded hands, compared to its average volume of 85,560. The company has a market cap of $32.59 billion, a price-to-earnings ratio of 10.61 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76. The stock’s 50 day moving average price is $85.98 and its 200-day moving average price is $91.47. National Bank of Canada has a 52-week low of $76.77 and a 52-week high of $100.08.

National Bank of Canada Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st will be paid a $0.7975 dividend. This represents a dividend yield of 3.86%. The ex-dividend date is Monday, March 31st. National Bank of Canada’s dividend payout ratio (DPR) is presently 39.92%.

Analysts Set New Price Targets

A number of equities analysts recently commented on NTIOF shares. Cibc World Mkts lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. CIBC reaffirmed a “neutral” rating on shares of National Bank of Canada in a research report on Wednesday, March 5th. Finally, Cormark downgraded National Bank of Canada from a “moderate buy” rating to a “hold” rating in a report on Friday, February 21st.

About National Bank of Canada

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.