DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Update

DNB Bank ASA (OTCMKTS:DNBBY) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 12,351 shares, a growth of 598.2% from the May 14th total of 1,769 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 218,300 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

DNBBY has been the subject of several recent analyst reports. Zacks Research downgraded DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Nordea Equity Research upgraded DNB Bank ASA to a “buy” rating in a report on Thursday, April 9th. Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a report on Wednesday, April 29th. Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a report on Tuesday, May 12th. Finally, Barclays upgraded DNB Bank ASA from a “hold” rating to an “overweight” rating in a report on Wednesday, April 8th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

DNB Bank ASA Stock Performance

Shares of DNBBY opened at $29.99 on Wednesday. DNB Bank ASA has a 12 month low of $24.77 and a 12 month high of $33.81. The firm has a fifty day simple moving average of $31.09 and a 200 day simple moving average of $29.66. The stock has a market capitalization of $46.50 billion, a price-to-earnings ratio of 10.83 and a beta of 0.63. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 3.01.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.29 billion. DNB Bank ASA had a return on equity of 14.23% and a net margin of 21.06%. Research analysts forecast that DNB Bank ASA will post 2.89 EPS for the current fiscal year.

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.