The National Bank of Canada (OTCMKTS:NTIOF) experienced a significant increase in short interest in June. As of June 30th, there were 8,730,900 shares being shorted, a growth of 28.8% from the June 15th total of 6,780,200 shares. With an average daily trading volume of 41,600 shares, the days-to-cover ratio is currently 209.9 days.
The stock price of National Bank of Canada (OTCMKTS:NTIOF) remained unchanged at $76.18 during midday trading on Tuesday. A total of 943 shares were traded, compared to the average volume of 13,472 shares. The stock has a fifty-day moving average price of $73.96 and a 200-day moving average price of $73.24. The company has a market capitalization of $25.75 billion, a P/E ratio of 10.91, and a beta of 1.08. Its one-year low is $59.42 and its one-year high is $81.60.
National Bank of Canada recently released its quarterly earnings data on May 31st, reporting earnings per share (EPS) of $1.76 for the quarter. The company had revenue of $1.83 billion during the quarter. It achieved a net margin of 17.58% and a return on equity of 17.54%.
The company also announced an increase in its dividend, which will be paid on August 1st. Shareholders of record on June 26th will receive a dividend of $0.7496 per share, representing a yield of 3.99%. This is an improvement from the previous dividend of $0.71. The ex-dividend date is June 23rd. National Bank of Canada's payout ratio is currently 43.12%.
National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International.