DNB Bank ASA (OTCMKTS:DNBBY) Sees Large Decline in Short Interest

DNB Bank ASA (OTCMKTS:DNBBY) was the target of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 14,000 shares, a decrease of 46.8% from the November 15th total of 26,300 shares. Based on an average trading volume of 108,000 shares, the days-to-cover ratio is currently 0.1 days.

DNB Bank ASA Stock Performance

DNBBY stock traded up $0.18 during mid-day trading on Friday, reaching $20.59. 46,757 shares of the stock traded hands, compared to its average volume of 68,007. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 3.49. The business has a 50-day moving average of $20.73 and a two-hundred day moving average of $20.33. DNB Bank ASA has a 52 week low of $17.40 and a 52 week high of $22.07. The firm has a market capitalization of $30.72 billion, a PE ratio of 8.11, a P/E/G ratio of 1.50 and a beta of 1.30.

DNB Bank ASA (OTCMKTS:DNBBY) last released its earnings results on Tuesday, October 22nd. The company reported $0.73 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 firm had revenue of $2.14 billion during the quarter. As a group, equities analysts predict that DNB Bank ASA will post 2.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.