DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Update

DNB Bank ASA (OTCMKTS:DNBBY) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 12,200 shares, a drop of 89.5% from the March 15th total of 116,300 shares. Based on an average daily volume of 84,400 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

DNB Bank ASA Stock Down 0.7 %

DNB Bank ASA stock traded down $0.17 during trading hours on Wednesday, hitting $24.34. The stock had a trading volume of 472,912 shares, compared to its average volume of 278,722. The stock’s 50-day moving average price is $23.87 and its 200-day moving average price is $21.77. DNB Bank ASA has a 12-month low of $17.40 and a 12-month high of $26.96. The company has a quick ratio of 1.42, a current ratio of 1.48 and a debt-to-equity ratio of 3.57. The stock has a market capitalization of $36.33 billion, a P/E ratio of 8.92, a price-to-earnings-growth ratio of 8.45 and a beta of 1.04.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.12. DNB Bank ASA had a net margin of 20.70% and a return on equity of 15.79%. Equities research analysts anticipate that DNB Bank ASA will post 2.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DNBBY has been the topic of a number of analyst reports. Morgan Stanley reissued an “underweight” rating on shares of DNB Bank ASA in a research report on Friday, March 7th. Barclays reissued an “overweight” rating on shares of DNB Bank ASA in a research note on Thursday, March 6th.

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.