Short Interest in ABN AMRO Bank (OTCMKTS:AAVMY) Drops By 38.3%

ABN AMRO Bank (OTCMKTS:AAVMY – Get Free Report) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 7,973 shares, a drop of 38.3% from the July 15th total of 12,922 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 55,390 shares, the short-interest ratio is currently 0.1 days.

ABN AMRO Bank Stock Performance

Shares of OTCMKTS AAVMY opened at $48.61 on Tuesday. ABN AMRO Bank has a 12-month low of $28.42 and a 12-month high of $48.66. The company has a market cap of $40.01 billion and a PE ratio of 15.00. The stock has a 50 day simple moving average of $43.53 and a 200-day simple moving average of $37.91. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.95.

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ABN AMRO Bank (OTCMKTS:AAVMY – Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.92 by $0.13. ABN AMRO Bank had a return on equity of 9.16% and a net margin of 14.22%.The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.67 billion. On average, equities research analysts forecast that ABN AMRO Bank will post 3.42 EPS for the current year.

Wall Street Analyst Weigh In

AAVMY has been the subject of a number of recent research reports. ABN Amro upgraded ABN AMRO Bank from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 2nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of ABN AMRO Bank in a research note on Thursday. Zacks Research raised shares of ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Morgan Stanley restated an “overweight” rating on shares of ABN AMRO Bank in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of ABN AMRO Bank in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Check Out Our Latest Research Report on AAVMY

About ABN AMRO Bank

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ABN AMRO Bank N.V. is a leading Dutch banking institution headquartered in Amsterdam. The bank traces its origins to the 1991 merger of Algemene Bank Nederland and AMRO Bank, forming one of the Netherlands’ largest financial services providers. Over the decades, ABN AMRO has developed a comprehensive portfolio of banking and financial solutions, positioning itself as a key player in both domestic and international markets.

The bank operates across several core segments, including retail banking, private banking, commercial banking, and corporate & institutional banking.

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