DNB Bank ASA (OTCMKTS:DNBBY) Stock Short Interest Report for September

DNB Bank ASA (OTCMKTS:DNBBY) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 15,154 shares, a drop of 68.4% from the September 15th total of 47,995 shares. Based on an average trading volume of 65,870 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

A number of research firms have issued reports on DNBBY. The Goldman Sachs Group downgraded DNB Bank ASA from a “hold” rating to a “sell” rating in a research report on Monday, July 20th. Barclays downgraded DNB Bank ASA from an “overweight” rating to a “strong sell” rating in a report on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of DNB Bank ASA in a research note on Wednesday, September 16th. Citigroup reiterated a “neutral” rating on shares of DNB Bank ASA in a report on Friday. Finally, Morgan Stanley reissued an “underweight” rating on shares of DNB Bank ASA in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, DNB Bank ASA currently has an average rating of “Reduce”.

DNB Bank ASA Stock Performance

Shares of DNBBY stock opened at $31.82 on Tuesday. The company’s fifty day simple moving average is $33.26 and its 200-day simple moving average is $31.67. DNB Bank ASA has a 52 week low of $25.26 and a 52 week high of $34.78. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 3.51. The company has a market cap of $49.33 billion, a PE ratio of 11.36, a P/E/G ratio of 9.09 and a beta of 0.70.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its earnings results on Tuesday, July 14th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.03. DNB Bank ASA had a net margin of 21.34% and a return on equity of 13.97%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.28 billion. As a group, equities research analysts anticipate 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 group and the country’s largest bank. The company provides banking and financial products to individual customers, small and medium-sized businesses, large corporations, and public-sector organizations.

Its activities include personal and business banking, lending, deposits, payment services, savings and investment products, asset management, insurance, and pension services. DNB also offers corporate finance, investment banking, securities, and other capital-markets services.