DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Update

DNB Bank ASA (OTCMKTS:DNBBY) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 11,668 shares, a decrease of 56.5% from the August 15th total of 26,818 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 56,681 shares, the days-to-cover ratio is presently 0.2 days.

DNB Bank ASA Price Performance

Shares of DNBBY opened at $34.19 on Monday. The stock’s 50-day moving average price is $32.38 and its two-hundred day moving average price is $31.33. DNB Bank ASA has a 12 month low of $25.26 and a 12 month high of $34.78. The company has a market capitalization of $53.01 billion, a PE ratio of 12.21, a PEG ratio of 9.69 and a beta of 0.65. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 3.51.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its quarterly earnings results on Tuesday, July 14th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.28 billion. DNB Bank ASA had a net margin of 21.34% and a return on equity of 13.97%. On average, analysts anticipate that DNB Bank ASA will post 2.87 EPS for the current year.

Wall Street Analysts Forecast Growth

DNBBY has been the topic of a number of research analyst reports. Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a report on Wednesday, July 8th. The Goldman Sachs Group cut shares of DNB Bank ASA from a “hold” rating to a “sell” rating in a research report on Monday, July 20th. Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a report on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of DNB Bank ASA in a research report on Thursday, July 30th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, DNB Bank ASA presently has a consensus rating of “Hold”.

DNB Bank ASA Company Profile

DNB Bank ASA is a Norwegian financial services group headquartered in Oslo. It serves individuals, businesses, institutional customers and public-sector organizations through banking, financing and investment services. DNB is widely regarded as Norway’s largest bank and has a central role in the country’s financial system.

The company offers personal and business banking products, including deposit accounts, payment services, mortgages, consumer finance, corporate lending and leasing. Through its corporate and investment banking operations, DNB provides advisory services, capital markets solutions, securities services and financing for companies and institutions.