Short Interest in Norsk Hydro ASA (OTCMKTS:NHYDY) Expands By 39.0%

Norsk Hydro ASA (OTCMKTS:NHYDY) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 75,593 shares, a growth of 39.0% from the November 30th total of 54,364 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 123,483 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 123,483 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the shares of the company are sold short.

Norsk Hydro ASA Stock Down 1.5%

Shares of OTCMKTS:NHYDY opened at $7.74 on Tuesday. Norsk Hydro ASA has a fifty-two week low of $4.50 and a fifty-two week high of $7.89. The company has a quick ratio of 1.25, a current ratio of 1.91 and a debt-to-equity ratio of 0.26. The firm’s 50-day simple moving average is $7.23 and its 200-day simple moving average is $6.66. The company has a market cap of $15.30 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 0.44 and a beta of 1.19.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings data on Friday, October 24th. The industrial products company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Norsk Hydro ASA had a net margin of 4.96% and a return on equity of 10.20%. The firm had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $47.19 billion. As a group, equities research analysts predict that Norsk Hydro ASA will post 0.72 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Norsk Hydro ASA in a report on Friday, November 21st. Citigroup restated a “neutral” rating on shares of Norsk Hydro ASA in a research note on Friday, September 26th. BNP Paribas Exane raised shares of Norsk Hydro ASA from a “neutral” rating to an “outperform” rating in a report on Friday, December 5th. BNP Paribas raised Norsk Hydro ASA to an “outperform” rating in a report on Friday, December 5th. Finally, Wall Street Zen cut Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

About Norsk Hydro ASA

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.