ABN AMRO Bank (OTCMKTS:AAVMY) Sees Large Drop in Short Interest

ABN AMRO Bank (OTCMKTS:AAVMY) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 14,904 shares, a decline of 48.2% from the September 15th total of 28,776 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 44,535 shares, the days-to-cover ratio is presently 0.3 days.

ABN AMRO Bank Stock Performance

OTCMKTS:AAVMY opened at $45.58 on Thursday. The company has a fifty day simple moving average of $48.19 and a two-hundred day simple moving average of $42.26. The company has a market cap of $37.39 billion and a price-to-earnings ratio of 14.07. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.97. ABN AMRO Bank has a 52 week low of $28.46 and a 52 week high of $50.63.

ABN AMRO Bank (OTCMKTS:AAVMY) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.67 billion. ABN AMRO Bank had a return on equity of 9.12% and a net margin of 14.22%. As a group, equities analysts anticipate that ABN AMRO Bank will post 3.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AAVMY. Citigroup restated a “buy” rating on shares of ABN AMRO Bank in a report on Friday, September 18th. Zacks Research upgraded shares of ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Morgan Stanley reiterated an “overweight” rating on shares of ABN AMRO Bank in a research note on Wednesday, September 2nd. Royal Bank Of Canada reissued an “outperform” rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

ABN AMRO Bank Company Profile

ABN AMRO Bank N.V. is a Dutch financial services company headquartered in Amsterdam. The bank provides retail, private and corporate banking services, with the Netherlands as its principal market. Its offerings include current and savings accounts, mortgages, consumer lending, payment services, business financing, cash management and other financial solutions.

Through its Wealth Management business, ABN AMRO serves affluent individuals, families and institutions with investment management, financial planning and private banking services.