DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Update

DNB Bank ASA (OTCMKTS:DNBBY) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 8,197 shares, a decline of 66.8% from the June 30th total of 24,672 shares. Based on an average trading volume of 78,978 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

DNBBY has been the subject of several research analyst reports. The Goldman Sachs Group downgraded DNB Bank ASA from a “hold” rating to a “sell” rating in a research report on Monday, July 20th. Zacks Research cut shares of DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a research note on Wednesday, June 24th. Barclays upgraded DNB Bank ASA from a “hold” rating to an “overweight” rating in a report on Wednesday, April 8th. Finally, Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

DNB Bank ASA Stock Up 0.1%

Shares of OTCMKTS DNBBY traded up $0.02 during midday trading on Tuesday, reaching $31.05. 26,857 shares of the company’s stock traded hands, compared to its average volume of 56,847. The company has a market cap of $48.14 billion, a price-to-earnings ratio of 11.09, a P/E/G ratio of 8.77 and a beta of 0.64. The stock’s 50 day simple moving average is $30.50 and its 200-day simple moving average is $30.42. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 3.01. DNB Bank ASA has a one year low of $24.93 and a one year high of $33.81.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its earnings results on Tuesday, July 14th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. DNB Bank ASA had a return on equity of 14.02% and a net margin of 21.34%.The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.28 billion. On average, analysts predict that DNB Bank ASA will post 2.89 EPS for the current fiscal year.

DNB Bank ASA Company Profile

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.