DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Update

DNB Bank ASA (OTCMKTS:DNBBY) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 47,995 shares, an increase of 311.3% from the August 31st total of 11,668 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 68,221 shares, the days-to-cover ratio is presently 0.7 days.

DNB Bank ASA Trading Up 0.9%

Shares of OTCMKTS:DNBBY traded up $0.31 on Friday, hitting $33.59. 39,217 shares of the company’s stock were exchanged, compared to its average volume of 30,892. The stock has a market capitalization of $52.08 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 9.48 and a beta of 0.65. DNB Bank ASA has a 12 month low of $25.26 and a 12 month high of $34.78. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.70 and a quick ratio of 1.70. The business’s 50 day simple moving average is $32.98 and its two-hundred day simple moving average is $31.49.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its quarterly earnings results on Tuesday, July 14th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. DNB Bank ASA had a net margin of 21.34% and a return on equity of 13.97%. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Analysts anticipate that DNB Bank ASA will post 2.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DNBBY shares. The Goldman Sachs Group downgraded DNB Bank ASA from a “hold” rating to a “sell” rating in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of DNB Bank ASA in a research report on Wednesday, September 16th. Morgan Stanley reissued an “underweight” rating on shares of DNB Bank ASA in a research note on Wednesday, June 24th. Finally, Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, DNB Bank ASA presently has a consensus rating of “Hold”.

DNB Bank ASA Company Profile

DNB Bank ASA is a Norwegian financial services group headquartered in Oslo. It serves individuals, businesses, institutional customers and public-sector organizations through banking, financing and investment services. DNB is widely regarded as Norway’s largest bank and has a central role in the country’s financial system.

The company offers personal and business banking products, including deposit accounts, payment services, mortgages, consumer finance, corporate lending and leasing. Through its corporate and investment banking operations, DNB provides advisory services, capital markets solutions, securities services and financing for companies and institutions.