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Norsk Hydro ASA (OTCMKTS:NHYDY) was a beneficiary of the significant increase in short-term interest in November. As of November 30, the short position was 20,800 shares, an increase of 940.0% from the 2,000 shares on November 15. Based on the average trading volume of 309,300 shares, the current short interest rate is 0.1 days.
NHYDY stock rose by $0.01 during Monday's trading hours to reach $7.07. The stock's trading volume was 80,300 shares, while its average trading volume was 85,263 shares. The 12-month low of Norsk Hydro ASA was US$4.20 and the 12-month high was US$8.62. The company's market capitalization is US$14.49 billion, a P/E ratio of 10.55, and a beta of 1.50. The company's debt-to-equity ratio is 0.31, current ratio is 2.08, and quick ratio is 1.48. The company's 50-day simple moving average is $7.38, and the 200-day simple moving average is $6.99.
Norsk Hydro ASA (OTCMKTS:NHYDY) last released quarterly earnings data on Monday, October 25. The industrial products company reported earnings per share (EPS) of US$0.18 for the quarter, which was lower than analysts’ consensus estimate of US$0.20 (US$0.02). Norsk Hydro ASA's return on equity was 12.29%, and its net profit margin was 8.17%. On average, stock analysts expect Norsk Hydro ASA’s earnings per share this year to be 0.63.
Several analysts recently released reports on the stock. Deutsche Bank reiterated its "Buy" rating on Norsk Hydro ASA stock in a report on Wednesday, October 27th. Barclays Bank reiterated its "overweight" rating on Norsk Hydro ASA stock in a report on Monday, October 4. JPMorgan Chase & Co. reiterated its "Neutral" rating on Norsk Hydro ASA stock in a report on Wednesday, October 27th. In a report on Thursday, November 25th, Zacks Investment Research downgraded Norsk Hydro ASA's stock from a "hold" rating to a "sell" rating. Finally, UBS re-issued its "Neutral" rating on Norsk Hydro ASA stock in a report on Tuesday, October 5. Two research analysts assigned a sell rating on the stock, three assigned a hold rating, and seven assigned a buy rating on the company's stock. According to MarketBeat data, the company's consensus rating is "Hold" and the average target price is $8.75.
Norsk Hydro ASA company profile
Norsk Hydro ASA is engaged in the production and supply of alumina and primary aluminum. It operates through the following sectors: bauxite and alumina; primary metals; metal markets; rolled products; extrusion solutions; vitality; and other eliminations. The bauxite and alumina sector includes bauxite mining activities, procurement arrangements and alumina commercial operations.
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