National Bank of Canada (OTCMKTS:NTIOF) Sees Large Increase in Short Interest

National Bank of Canada (OTCMKTS:NTIOF) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 6,478,600 shares, an increase of 26.5% from the February 13th total of 5,122,700 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average daily volume of 87,400 shares, the short-interest ratio is presently 74.1 days.

National Bank of Canada Price Performance

OTCMKTS:NTIOF opened at $82.04 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. The stock’s 50-day simple moving average is $87.17 and its 200 day simple moving average is $91.88. The company has a market cap of $32.10 billion, a P/E ratio of 10.45 and a beta of 1.09. National Bank of Canada has a 52-week low of $76.77 and a 52-week high of $100.08.

National Bank of Canada Increases Dividend

The business also recently announced a dividend, which was paid on Saturday, February 1st. Investors of record on Tuesday, December 31st were given a $0.8104 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a dividend yield of 3.53%. This is an increase from National Bank of Canada’s previous dividend of $0.81. National Bank of Canada’s payout ratio is currently 39.92%.

Wall Street Analysts Forecast Growth

NTIOF has been the topic of a number of research reports. Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. CIBC restated a “neutral” rating on shares of National Bank of Canada in a report on Wednesday, March 5th. Cormark lowered National Bank of Canada from a “moderate buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Barclays lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st.

National Bank of Canada Company Profile

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.