Northern Trust Co. (NASDAQ:NTRSO) Sees Significant Growth in Short Interest

Northern Trust Co. (NASDAQ:NTRSO) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 4,400 shares, an increase of 57.1% from the June 30th total of 2,800 shares. Based on an average trading volume of 21,700 shares, the short-interest ratio is currently 0.2 days.

Northern Trust Stock Performance

NASDAQ:NTRSO traded up $0.11 during trading hours on Friday, reaching $20.81. 28,426 shares of the company were exchanged, compared to its average volume of 23,792. Northern Trust has a 52-week low of $18.10 and a 52-week high of $23.97. The stock has a 50 day simple moving average of $20.83 and a 200 day simple moving average of $21.59.

Northern Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Sunday, September 15th will be issued a $0.2938 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date of this dividend is Friday, September 13th.

Northern Trust Company Profile

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.