ABN AMRO Bank (OTCMKTS:AAVMY) Sees Significant Growth in Short Interest

ABN AMRO Bank (OTCMKTS:AAVMY) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 28,776 shares, an increase of 60.9% from the August 31st total of 17,883 shares. Based on an average trading volume of 25,541 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.0% of the company’s stock are short sold.

ABN AMRO Bank Trading Down 3.7%

OTCMKTS AAVMY opened at $46.69 on Friday. The stock has a market capitalization of $38.30 billion and a price-to-earnings ratio of 14.41. ABN AMRO Bank has a one year low of $28.46 and a one year high of $50.63. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.14 and a quick ratio of 1.14. The business’s fifty day moving average is $47.85 and its 200-day moving average is $41.32.

ABN AMRO Bank (OTCMKTS:AAVMY) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.13. ABN AMRO Bank had a net margin of 14.22% and a return on equity of 9.12%. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.67 billion. Equities research analysts predict that ABN AMRO Bank will post 3.76 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Morgan Stanley reissued an “overweight” rating on shares of ABN AMRO Bank in a research report on Wednesday, September 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Citigroup reiterated a “buy” rating on shares of ABN AMRO Bank in a research note on Friday, September 18th. Zacks Research raised shares of ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

ABN AMRO Bank Company Profile

ABN AMRO Bank N.V. is a Dutch financial services company headquartered in Amsterdam. The bank provides retail, private and corporate banking services, with the Netherlands as its principal market. Its offerings include current and savings accounts, mortgages, consumer lending, payment services, business financing, cash management and other financial solutions.

Through its Wealth Management business, ABN AMRO serves affluent individuals, families and institutions with investment management, financial planning and private banking services.