Short Interest in DNB Bank ASA (OTCMKTS:DNBBY) Decreases By 54.6%
by Renee Jackson · The Cerbat GemDNB Bank ASA (OTCMKTS:DNBBY – Get Free Report) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,769 shares, a decline of 54.6% from the April 30th total of 3,900 shares. Based on an average daily volume of 99,569 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on DNBBY shares. Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a research note on Wednesday, April 29th. Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a research note on Tuesday, May 12th. Pareto Securities cut shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a research note on Thursday, February 5th. Barclays raised shares of DNB Bank ASA from a “hold” rating to an “overweight” rating in a research note on Wednesday, April 8th. Finally, Zacks Research lowered DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, DNB Bank ASA has a consensus rating of “Hold”.
Read Our Latest Report on DNB Bank ASA
DNB Bank ASA Stock Down 0.6%
Shares of DNBBY opened at $30.98 on Friday. The firm has a market cap of $48.03 billion, a P/E ratio of 11.18 and a beta of 0.64. DNB Bank ASA has a 12-month low of $24.77 and a 12-month high of $33.81. The company’s 50-day moving average price is $31.05 and its 200 day moving average price is $29.43. 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 – Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. DNB Bank ASA had a net margin of 21.06% and a return on equity of 14.23%. On average, sell-side analysts forecast that DNB Bank ASA will post 2.89 earnings per share for the current year.
DNB Bank ASA Company Profile
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.