DNB Bank ASA (OTCMKTS:DNBBY) Stock Short Interest Jumps 311.3%

DNB Bank ASA (OTCMKTS:DNBBY) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 47,995 shares, a growth of 311.3% from the August 31st total of 11,668 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 68,221 shares, the days-to-cover ratio is presently 0.7 days.

DNB Bank ASA Trading Up 0.9%

Shares of DNBBY stock traded up $0.31 on Friday, reaching $33.59. 39,217 shares of the stock were exchanged, compared to its average volume of 30,892. The stock has a market cap of $52.08 billion, a PE ratio of 12.00, a P/E/G ratio of 9.40 and a beta of 0.65. DNB Bank ASA has a one year low of $25.26 and a one year high of $34.78. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a 50 day moving average price of $32.98 and a 200 day moving average price of $31.49.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its quarterly earnings results on Tuesday, July 14th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.03. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.28 billion. DNB Bank ASA had a return on equity of 13.97% and a net margin of 21.34%. Equities research analysts forecast that DNB Bank ASA will post 2.88 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on DNBBY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of DNB Bank ASA in a report on Wednesday, September 16th. Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a report on Wednesday, July 8th. Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a research note on Wednesday, June 24th. Finally, The Goldman Sachs Group cut DNB Bank ASA from a “hold” rating to a “sell” rating in a report on Monday, July 20th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, DNB Bank ASA presently has an average rating of “Hold”.

DNB Bank ASA Company Profile

DNB Bank ASA is a Norwegian financial services group headquartered in Oslo. It serves individuals, businesses, institutional customers and public-sector organizations through banking, financing and investment services. DNB is widely regarded as Norway’s largest bank and has a central role in the country’s financial system.

The company offers personal and business banking products, including deposit accounts, payment services, mortgages, consumer finance, corporate lending and leasing. Through its corporate and investment banking operations, DNB provides advisory services, capital markets solutions, securities services and financing for companies and institutions.