DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Update

DNB Bank ASA (OTCMKTS:DNBBY) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 116,300 shares, a growth of 1,192.2% from the February 28th total of 9,000 shares. Based on an average daily trading volume, of 163,600 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DNBBY shares. Barclays reiterated an “overweight” rating on shares of DNB Bank ASA in a report on Thursday, March 6th. Morgan Stanley reissued an “underweight” rating on shares of DNB Bank ASA in a report on Friday, March 7th.

DNB Bank ASA Trading Up 1.0 %

Shares of DNBBY opened at $26.72 on Friday. The stock’s 50-day moving average price is $23.03 and its 200 day moving average price is $21.37. The company has a quick ratio of 1.42, a current ratio of 1.48 and a debt-to-equity ratio of 3.57. The firm has a market capitalization of $39.88 billion, a price-to-earnings ratio of 9.79, a P/E/G ratio of 8.45 and a beta of 1.32. DNB Bank ASA has a 12-month low of $17.40 and a 12-month high of $26.93.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.12. DNB Bank ASA had a return on equity of 15.79% and a net margin of 20.70%. As a group, research analysts predict that DNB Bank ASA will post 2.43 earnings per share 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.