DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Update

DNB Bank ASA (OTCMKTS:DNBBY) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 95,600 shares, an increase of 81.7% from the September 30th total of 52,600 shares. Based on an average daily trading volume, of 70,900 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 70,900 shares, the days-to-cover ratio is currently 1.3 days.

DNB Bank ASA Price Performance

Shares of DNBBY stock opened at $25.50 on Friday. The stock has a 50-day moving average price of $26.68 and a 200 day moving average price of $26.50. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 3.74. The firm has a market cap of $37.68 billion, a price-to-earnings ratio of 9.34 and a beta of 0.93. DNB Bank ASA has a 12 month low of $19.20 and a 12 month high of $28.85.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $0.69 EPS for the quarter, hitting analysts’ consensus estimates of $0.69. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.23 billion. DNB Bank ASA had a return on equity of 15.40% and a net margin of 21.20%. Research analysts expect that DNB Bank ASA will post 2.43 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DNBBY shares. Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a report on Tuesday, October 14th. Zacks Research upgraded DNB Bank ASA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About DNB Bank ASA

DNB Bank ASA provides financial services for individual and business customers in Norway and internationally. The company offers savings, current, and pension accounts; fixed rate and security deposits; home and cabin mortgages, car and consumer loans, business loans, and refinancing; car, house, home contents, travel, personal, and non-life insurance product; payment services; and online and mobile banking services, as well as cards.