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Northern Trust Co. saw a surge in short interest despite strong earnings and a dividend hike, rated "Hold" by analysts.
Northern Trust Co. (NTRS) saw a 21.1% rise in short interest in February, with 2,760,000 shares shorted.
The stock traded down $1.55 to $103.82 on Thursday, with a volume of 1,113,582 shares.
The company reported a strong quarter with $2.26 EPS, beating estimates by $0.30, and declared a $0.75 quarterly dividend.
Analysts rate the stock as "Hold" with a target price of $113.50, but recent actions suggest varied perspectives on its future performance.
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Northern Trust Co. vio un aumento en el interés corto a pesar de las fuertes ganancias y un aumento de dividendos, calificado como "Sostenido" por los analistas.