DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Update

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

DNB Bank ASA Price Performance

Shares of OTCMKTS:DNBBY traded up $0.29 on Wednesday, hitting $20.51. The company’s stock had a trading volume of 114,391 shares, 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 company has a debt-to-equity ratio of 3.49, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $30.61 billion, a PE ratio of 8.07, a PEG ratio of 1.50 and a beta of 1.30. The company has a 50-day simple moving average of $20.44 and a 200 day simple moving average of $20.44.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. The business had revenue of $2.14 billion during the quarter. DNB Bank ASA had a net margin of 19.22% and a return on equity of 14.70%. Sell-side analysts forecast that DNB Bank ASA will post 2.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

DNB Bank ASA Company Profile

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.