DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Up 337.5% in December

by · The Markets Daily

DNB Bank ASA (OTCMKTS:DNBBY – Get Free Report) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 7,000 shares, a growth of 337.5% from the December 15th total of 1,600 shares. Based on an average daily trading volume, of 190,200 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

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

Get Our Latest Stock Analysis on DNB Bank ASA

DNB Bank ASA Stock Performance

OTCMKTS:DNBBY traded up $0.29 during mid-day trading on Tuesday, reaching $20.51. 114,391 shares of the stock were exchanged, compared to its average volume of 92,461. The stock has a market capitalization of $30.61 billion, a P/E ratio of 8.07, a P/E/G ratio of 1.50 and a beta of 1.30. DNB Bank ASA has a 1 year low of $17.40 and a 1 year high of $22.07. The company has a 50 day simple moving average of $20.45 and a 200-day simple moving average of $20.43. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 3.49.

DNB Bank ASA (OTCMKTS:DNBBY – Get Free Report) last announced its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. DNB Bank ASA had a net margin of 19.22% and a return on equity of 14.70%. The business had revenue of $2.14 billion for the quarter. Analysts anticipate that DNB Bank ASA will post 2.52 earnings per share for the current fiscal year.

DNB Bank ASA Company Profile

(Get Free Report)

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.

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