Short Interest in Norsk Hydro ASA (OTCMKTS:NHYDY) Expands By 182.7%

Norsk Hydro ASA (OTCMKTS:NHYDY) saw a significant growth in short interest during 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 trading volume of 510,000 shares, the days-to-cover ratio is currently 0.3 days.

Norsk Hydro ASA Stock Performance

Shares of NHYDY stock traded up $0.11 on Friday, hitting $6.37. 118,563 shares of the stock were exchanged, compared to its average volume of 218,444. The firm has a market capitalization of $12.99 billion, a PE ratio of 45.51, a P/E/G ratio of 1.07 and a beta of 1.60. Norsk Hydro ASA has a one year low of $5.08 and a one year high of $7.72. The company has a current ratio of 1.82, a quick ratio of 1.24 and a debt-to-equity ratio of 0.27. The firm’s 50 day moving average is $5.77 and its two-hundred day moving average is $5.84.

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

Norsk Hydro ASA Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 29th. Investors of record on Friday, May 10th will be given a $0.2354 dividend. The ex-dividend date of this dividend is Thursday, May 9th. Norsk Hydro ASA’s payout ratio is presently 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.