Short Interest in DNB Bank ASA (OTCMKTS:DNBBY) Increases By 85.2%

DNB Bank ASA (OTCMKTS:DNBBY) saw a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 5,000 shares, anincreaseof85.2% from the July 31st total of 2,700 shares. Based on an average trading volume of 58,700 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 58,700 shares, the days-to-cover ratio is presently 0.1 days.

DNB Bank ASA Price Performance

Shares of OTCMKTS:DNBBY opened at $26.20 on Friday. The stock has a market capitalization of $40.62 billion, a PE ratio of 9.46 and a beta of 0.98. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 3.74. The firm has a 50 day moving average of $26.24 and a 200-day moving average of $25.84. 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 issued its quarterly earnings results on Friday, July 11th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.04). DNB Bank ASA had a net margin of 21.24% and a return on equity of 15.72%. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $23.05 billion. On average, equities research analysts predict that DNB Bank ASA will post 2.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DNBBY shares. Barclays lowered shares of DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, June 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of DNB Bank ASA in a research note on Tuesday, May 13th. Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a research report on Wednesday, May 21st. Finally, Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a research note on Tuesday. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

DNB Bank ASA Company Profile

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.