Northern Trust Co. (NASDAQ:NTRSO) Sees Large Decline in Short Interest

Northern Trust Co. (NASDAQ:NTRSO) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 8,700 shares, a decline of 23.7% from the October 15th total of 11,400 shares. Based on an average daily trading volume, of 23,400 shares, the days-to-cover ratio is presently 0.4 days.

Northern Trust Trading Down 0.2 %

Shares of NTRSO traded down $0.04 during mid-day trading on Friday, reaching $21.75. The company’s stock had a trading volume of 21,797 shares, compared to its average volume of 24,036. Northern Trust has a 12-month low of $20.31 and a 12-month high of $24.29. The company’s 50 day moving average is $22.80 and its 200 day moving average is $21.66.

Northern Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Sunday, December 15th will be given a dividend of $0.2938 per share. The ex-dividend date is Friday, December 13th. This represents a $1.18 dividend on an annualized basis and a yield of 5.40%.

Northern Trust Company Profile

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.