Norsk Hydro ASA (OTCMKTS:NHYDY) Short Interest Update

Norsk Hydro ASA (OTCMKTS:NHYDY) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 5,100 shares, a drop of 95.4% from the February 29th total of 109,800 shares. Based on an average daily volume of 410,300 shares, the days-to-cover ratio is presently 0.0 days.

Norsk Hydro ASA Price Performance

Shares of Norsk Hydro ASA stock traded down $0.06 during midday trading on Wednesday, hitting $5.52. 205,171 shares of the company were exchanged, compared to its average volume of 232,444. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.82 and a quick ratio of 1.24. The firm has a market cap of $11.25 billion, a P/E ratio of 34.50, a PEG ratio of 0.72 and a beta of 1.60. Norsk Hydro ASA has a 52 week low of $5.08 and a 52 week high of $7.87. The firm has a 50 day simple moving average of $5.56 and a 200-day simple moving average of $5.78.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its earnings results on Wednesday, February 14th. The industrial products company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $4.45 billion for the quarter. Norsk Hydro ASA had a return on equity of 7.63% and a net margin of 1.84%. Research analysts forecast that Norsk Hydro ASA will post 0.5 earnings per share for the current year.

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.