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

DNB Bank ASA (OTCMKTS:DNBBY) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 8,197 shares, a drop of 66.8% from the June 30th total of 24,672 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 78,978 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DNBBY shares. Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a report on Wednesday, July 8th. Zacks Research downgraded DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Barclays upgraded DNB Bank ASA from a “hold” rating to an “overweight” rating in a report on Wednesday, April 8th. Morgan Stanley reissued an “underweight” rating on shares of DNB Bank ASA in a research note on Wednesday, June 24th. Finally, Nordea Equity Research upgraded DNB Bank ASA to a “buy” rating in a report on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

DNB Bank ASA Price Performance

DNB Bank ASA stock opened at $31.23 on Monday. The company has a 50 day moving average of $30.50 and a 200-day moving average of $30.39. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 3.01. DNB Bank ASA has a twelve month low of $24.93 and a twelve month high of $33.81. The stock has a market capitalization of $48.42 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 8.77 and a beta of 0.64.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its quarterly earnings data on Tuesday, July 14th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.28 billion. DNB Bank ASA had a net margin of 21.34% and a return on equity of 14.02%. On average, equities research analysts anticipate that DNB Bank ASA will post 2.89 EPS for the current fiscal year.

DNB Bank ASA Company Profile

DNB Bank ASA (OTCMKTS: DNBBY) is Norway’s largest financial services group, offering a broad range of banking, insurance and capital markets services to retail, corporate and institutional clients. The bank’s core activities encompass retail and commercial banking, corporate and investment banking, asset management, life insurance and pension products, as well as payment and card services. DNB provides traditional deposit and lending products, mortgages, savings and wealth management solutions, securities trading, corporate finance and treasury services.

The group operates through several specialized business lines, including DNB Markets for investment banking and capital markets activities and DNB Asset Management for portfolio management and investment funds.