Norsk Hydro ASA (OTCMKTS:NHYDY) Sees Large Growth in Short Interest

Norsk Hydro ASA (OTCMKTS:NHYDY) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 170,200 shares, a growth of 182.7% from the March 31st total of 60,200 shares. Based on an average daily volume of 510,000 shares, the days-to-cover ratio is presently 0.3 days.

Norsk Hydro ASA Trading Up 1.8 %

OTCMKTS:NHYDY traded up $0.11 on Friday, reaching $6.37. 112,145 shares of the stock traded hands, compared to its average volume of 230,566. The firm has a market capitalization of $12.99 billion, a price-to-earnings ratio of 44.71, a price-to-earnings-growth ratio of 0.98 and a beta of 1.60. The company’s 50 day moving average is $5.75 and its 200-day moving average is $5.84. The company has a current ratio of 1.82, a quick ratio of 1.24 and a debt-to-equity ratio of 0.27. Norsk Hydro ASA has a 1-year low of $5.08 and a 1-year high of $7.72.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. The business had revenue of $4.52 billion during the quarter. Norsk Hydro ASA had a net margin of 1.67% and a return on equity of 6.23%. Equities research analysts anticipate that Norsk Hydro ASA will post 0.42 EPS for the current fiscal year.

Norsk Hydro ASA Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th will be issued a $0.2354 dividend. The ex-dividend date of this dividend is Thursday, May 9th. Norsk Hydro ASA’s payout ratio is 292.86%.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.