DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Down 60.3% in February

DNB Bank ASA (OTCMKTS:DNBBY) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 10,000 shares, a drop of 60.3% from the January 31st total of 25,200 shares. Based on an average daily trading volume, of 2,370,000 shares, the days-to-cover ratio is currently 0.0 days.

DNB Bank ASA Stock Down 1.2 %

Shares of DNB Bank ASA stock traded down $0.29 during trading on Friday, reaching $22.86. 35,449 shares of the company traded hands, compared to its average volume of 446,012. The company has a 50 day moving average price of $21.05 and a 200-day moving average price of $20.79. The firm has a market capitalization of $34.12 billion, a PE ratio of 8.37, a P/E/G ratio of 8.45 and a beta of 1.30. DNB Bank ASA has a 1-year low of $17.40 and a 1-year high of $23.40. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.48 and a quick ratio of 1.42.

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