DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Update

DNB Bank ASA (OTCMKTS:DNBBY) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 14,200 shares, a decrease of 26.8% from the September 30th total of 19,400 shares. Based on an average daily trading volume, of 75,000 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

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

DNB Bank ASA Stock Down 1.2 %

DNBBY traded down $0.25 during midday trading on Friday, reaching $20.92. 43,460 shares of the company were exchanged, compared to its average volume of 70,079. The company has a market cap of $32.43 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 1.51 and a beta of 1.30. DNB Bank ASA has a one year low of $17.40 and a one year high of $22.07. The company’s fifty day moving average price is $20.63 and its 200 day moving average price is $19.90. The company has a debt-to-equity ratio of 3.37, a quick ratio of 1.69 and a current ratio of 1.69.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.12. DNB Bank ASA had a return on equity of 14.24% and a net margin of 18.94%. The business had revenue of $2.14 billion during the quarter. As a group, analysts expect that DNB Bank ASA will post 2.49 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.