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

DNB Bank ASA (OTCMKTS:DNBBY) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 116,300 shares, a growth of 1,192.2% from the February 28th total of 9,000 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 163,600 shares, the short-interest ratio is currently 0.7 days.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a research note on Friday, March 7th. Barclays reaffirmed an “overweight” rating on shares of DNB Bank ASA in a research report on Thursday, March 6th.

DNB Bank ASA Stock Up 1.0 %

Shares of OTCMKTS:DNBBY traded up $0.25 during midday trading on Thursday, reaching $26.45. 32,606 shares of the company were exchanged, compared to its average volume of 319,011. The firm has a market cap of $39.48 billion, a PE ratio of 9.69, a P/E/G ratio of 8.45 and a beta of 1.32. DNB Bank ASA has a fifty-two week low of $17.40 and a fifty-two week high of $26.93. The stock has a fifty day simple moving average of $22.91 and a two-hundred day simple moving average of $21.34. The company has a quick ratio of 1.42, a current ratio of 1.48 and a debt-to-equity ratio of 3.57.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.12. DNB Bank ASA had a return on equity of 15.79% and a net margin of 20.70%. As a group, sell-side analysts forecast that DNB Bank ASA will post 2.43 earnings per share for the current 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.