ABN AMRO Bank (OTCMKTS:AAVMY) Short Interest Update

ABN AMRO Bank (OTCMKTS:AAVMY) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 12,200 shares, an increase of 64.9% from the March 31st total of 7,400 shares. Based on an average daily volume of 107,500 shares, the days-to-cover ratio is presently 0.1 days.

ABN AMRO Bank Price Performance

ABN AMRO Bank stock opened at $21.09 on Wednesday. ABN AMRO Bank has a one year low of $14.77 and a one year high of $22.09. The stock’s 50 day moving average price is $20.36 and its 200 day moving average price is $17.61.

ABN AMRO Bank Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 9th. Shareholders of record on Monday, April 28th will be paid a dividend of $0.7797 per share. The ex-dividend date is Monday, April 28th. This is a positive change from ABN AMRO Bank’s previous dividend of $0.51.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Royal Bank of Canada upgraded shares of ABN AMRO Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, April 4th. Morgan Stanley reaffirmed an “underweight” rating on shares of ABN AMRO Bank in a research report on Friday, March 7th. Finally, Barclays reiterated an “overweight” rating on shares of ABN AMRO Bank in a report on Tuesday, April 15th.

About ABN AMRO Bank

ABN AMRO Bank N.V. provides various banking products and financial services to retail, private, and business clients in the Netherlands and internationally. It operates through three segments: Personal & Business Banking, Wealth Management, and Corporate Banking. The company provides savings and deposits products; investment and insurance products; and consumer, personal, car, and home improvement loan.