DNB Bank ASA (OTCMKTS:DNBBY) Sees Significant Increase in Short Interest

DNB Bank ASA (OTCMKTS:DNBBY) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 27,105 shares, an increase of 78.9% from the September 30th total of 15,154 shares. Based on an average daily volume of 91,438 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

DNBBY has been the topic of several recent research reports. Arctic Securiti upgraded DNB Bank ASA to a “strong-buy” rating in a research report on Thursday, October 22nd. The Goldman Sachs Group downgraded DNB Bank ASA from a “hold” rating to a “sell” rating in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of DNB Bank ASA in a research note on Wednesday, September 16th. Barclays lowered DNB Bank ASA from an “overweight” rating to a “strong sell” rating in a research note on Friday, October 9th. Finally, Citigroup reiterated a “neutral” rating on shares of DNB Bank ASA in a research report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

DNB Bank ASA Stock Performance

DNB Bank ASA stock opened at $34.23 on Tuesday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 3.51. The company has a market capitalization of $53.08 billion, a PE ratio of 12.23, a P/E/G ratio of 10.00 and a beta of 0.70. The firm has a fifty day simple moving average of $33.46 and a two-hundred day simple moving average of $31.45. DNB Bank ASA has a twelve month low of $25.26 and a twelve month high of $35.00.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its quarterly earnings results on Wednesday, October 21st. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.03. DNB Bank ASA had a net margin of 21.06% and a return on equity of 13.69%. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.21 billion. Research analysts expect that DNB Bank ASA will post 2.84 EPS for the current year.

About DNB Bank ASA

DNB Bank ASA is a Norway-based financial services company and the principal banking subsidiary of DNB ASA, Norway’s largest financial group. The bank provides a broad range of services to individuals, businesses, institutional clients and public-sector organizations, including deposits, lending, mortgages, payment services, cards and everyday banking through digital and physical channels.

DNB also serves corporate and institutional customers with financing, cash management, trade finance, foreign exchange, investment banking and capital-markets services.