National Bank of Canada (OTCMKTS:NTIOF) Short Interest Update

National Bank of Canada (OTCMKTS:NTIOF) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 9,975,200 shares, a drop of 42.4% from the March 31st total of 17,312,600 shares. Based on an average trading volume of 33,100 shares, the short-interest ratio is currently 301.4 days.

National Bank of Canada Stock Up 1.2 %

Shares of OTCMKTS NTIOF traded up $1.02 during midday trading on Friday, hitting $82.24. 35,837 shares of the company’s stock were exchanged, compared to its average volume of 37,295. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.78 and a quick ratio of 0.78. National Bank of Canada has a twelve month low of $60.71 and a twelve month high of $84.81. The company has a market cap of $27.95 billion, a PE ratio of 11.38 and a beta of 1.09. The firm’s fifty day simple moving average is $81.08 and its 200-day simple moving average is $74.01.

National Bank of Canada (OTCMKTS:NTIOF) last issued its earnings results on Wednesday, February 28th. The financial services provider reported $1.92 earnings per share for the quarter. The business had revenue of $2.01 billion for the quarter. National Bank of Canada had a return on equity of 17.13% and a net margin of 13.64%.

National Bank of Canada Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, March 25th will be paid a dividend of $0.7841 per share. This represents a yield of 3.85%. The ex-dividend date of this dividend is Friday, March 22nd. This is an increase from National Bank of Canada’s previous dividend of $0.78. National Bank of Canada’s dividend payout ratio (DPR) is currently 21.48%.

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.