Short Interest in Northern Trust Co. (NASDAQ:NTRSO) Drops By 41.3%

Northern Trust Co. (NASDAQ:NTRSO) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 25,473 shares, a decline of 41.3% from the May 14th total of 43,409 shares. Based on an average daily volume of 25,428 shares, the days-to-cover ratio is presently 1.0 days.

Northern Trust Stock Performance

NASDAQ:NTRSO opened at $18.42 on Wednesday. Northern Trust has a one year low of $18.27 and a one year high of $21.15. The firm has a 50-day simple moving average of $18.98 and a 200-day simple moving average of $19.31.

Northern Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a $0.2938 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 6.4%.

Northern Trust Company Profile

Northern Trust Corporation is a leading global financial services firm specializing in asset servicing, asset management, wealth management and banking solutions. The company provides custody and fund administration, investment management, fiduciary and trust services, treasury management and related investment operations for institutions, affluent families, and high-net-worth individuals. Its platform supports a wide range of asset classes including equities, fixed income, alternatives and private markets, and delivers clearing and execution, performance measurement, accounting, and regulatory reporting solutions.

Founded in Chicago in 1889, Northern Trust has expanded to serve clients across North America, Europe, the Middle East and the Asia-Pacific region.