DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Update

DNB Bank ASA (OTCMKTS:DNBBY) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 7,000 shares, a growth of 337.5% from the December 15th total of 1,600 shares. Based on an average trading volume of 190,200 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of DNB Bank ASA to a “hold” rating in a research note on Friday, October 11th.

DNB Bank ASA Stock Up 1.4 %

Shares of DNBBY stock traded up $0.29 during midday trading on Wednesday, reaching $20.51. 114,391 shares of the stock were exchanged, compared to its average volume of 92,461. DNB Bank ASA has a 1 year low of $17.40 and a 1 year high of $22.07. The firm has a market cap of $30.61 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company’s 50 day moving average is $20.44 and its two-hundred day moving average is $20.44. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 3.49.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. DNB Bank ASA had a return on equity of 14.70% and a net margin of 19.22%. The business had revenue of $2.14 billion during the quarter. On average, equities research analysts predict that DNB Bank ASA will post 2.52 EPS for the current year.

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.