Norsk Hydro ASA (OTCMKTS:NHYDY) Short Interest Down 97.5% in January

Norsk Hydro ASA (OTCMKTS:NHYDY) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 600 shares, a decrease of 97.5% from the December 31st total of 24,300 shares. Based on an average daily volume of 393,000 shares, the short-interest ratio is currently 0.0 days.

Norsk Hydro ASA Stock Performance

OTCMKTS:NHYDY traded down $0.18 on Tuesday, reaching $5.77. 146,063 shares of the company’s stock were exchanged, compared to its average volume of 138,473. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.60 and a quick ratio of 1.07. The firm has a market cap of $11.58 billion, a price-to-earnings ratio of 96.08, a P/E/G ratio of 0.16 and a beta of 1.54. Norsk Hydro ASA has a 52 week low of $4.95 and a 52 week high of $6.98. The stock has a fifty day simple moving average of $5.85 and a 200-day simple moving average of $5.85.

Wall Street Analysts Forecast Growth

NHYDY has been the subject of several analyst reports. Barclays upgraded shares of Norsk Hydro ASA to a “strong-buy” rating in a report on Wednesday, October 16th. Citigroup upgraded shares of Norsk Hydro ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada lowered shares of Norsk Hydro ASA from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, January 21st.

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.