Norsk Hydro ASA (OTCMKTS:NHYDY) Short Interest Update

Norsk Hydro ASA (OTCMKTS:NHYDY) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 65,890 shares, a growth of 110.3% from the April 30th total of 31,326 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 331,453 shares, the days-to-cover ratio is presently 0.2 days.

Norsk Hydro ASA Stock Up 4.3%

Norsk Hydro ASA stock opened at $13.02 on Wednesday. Norsk Hydro ASA has a twelve month low of $5.37 and a twelve month high of $13.02. The stock has a 50 day moving average of $11.17 and a two-hundred day moving average of $9.34. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $25.76 billion, a price-to-earnings ratio of 41.73, a PEG ratio of 0.83 and a beta of 0.98.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.42 billion. Norsk Hydro ASA had a return on equity of 10.52% and a net margin of 3.11%. As a group, research analysts expect that Norsk Hydro ASA will post 1.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. The Goldman Sachs Group upgraded Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. Pareto Securities raised Norsk Hydro ASA from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd. Royal Bank Of Canada raised Norsk Hydro ASA from a “sector perform” rating to an “outperform” rating in a research report on Friday, March 20th. Wall Street Zen cut Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Friday, February 27th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Norsk Hydro ASA in a research report on Thursday, April 16th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Norsk Hydro ASA currently has an average rating of “Hold”.

Norsk Hydro ASA Company Profile

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.