DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Update

DNB Bank ASA (OTCMKTS:DNBBY) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 3,900 shares, a decline of 68.4% from the April 15th total of 12,348 shares. Based on an average trading volume of 85,646 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

DNB Bank ASA Stock Performance

DNBBY traded up $0.07 during mid-day trading on Friday, reaching $29.99. 40,292 shares of the company traded hands, compared to its average volume of 52,934. The stock has a market capitalization of $46.49 billion, a P/E ratio of 10.82 and a beta of 0.64. The company has a quick ratio of 1.45, a current ratio of 1.44 and a debt-to-equity ratio of 3.16. The company’s fifty day moving average price is $30.91 and its 200-day moving average price is $29.04. DNB Bank ASA has a 52-week low of $24.77 and a 52-week high of $33.81.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its earnings results on Thursday, April 23rd. The company reported $0.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.67. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.29 billion. DNB Bank ASA had a net margin of 21.06% and a return on equity of 14.63%. On average, sell-side analysts expect that DNB Bank ASA will post 2.87 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DNBBY. Nordea Equity Research upgraded shares of DNB Bank ASA to a “buy” rating in a report on Thursday, April 9th. Pareto Securities lowered shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a report on Thursday, February 5th. Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a report on Wednesday, April 29th. Zacks Research lowered shares of DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Finally, Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a report on Tuesday. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, DNB Bank ASA presently has an average rating of “Hold”.

About DNB Bank ASA

DNB Bank ASA (OTCMKTS: DNBBY) is Norway’s largest financial services group, offering a broad range of banking, insurance and capital markets services to retail, corporate and institutional clients. The bank’s core activities encompass retail and commercial banking, corporate and investment banking, asset management, life insurance and pension products, as well as payment and card services. DNB provides traditional deposit and lending products, mortgages, savings and wealth management solutions, securities trading, corporate finance and treasury services.

The group operates through several specialized business lines, including DNB Markets for investment banking and capital markets activities and DNB Asset Management for portfolio management and investment funds.