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

DNB Bank ASA (OTCMKTS:DNBBY) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 7,000 shares, an increase of 337.5% from the December 31st total of 1,600 shares. Based on an average trading volume of 190,200 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of DNB Bank ASA to a “hold” rating in a research report on Friday, October 11th.

DNB Bank ASA Stock Performance

Shares of DNBBY stock traded down $0.08 during trading hours on Wednesday, hitting $21.65. 52,768 shares of the company were exchanged, compared to its average volume of 67,318. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 3.49. The stock has a market capitalization of $32.31 billion, a price-to-earnings ratio of 8.52, a P/E/G ratio of 1.75 and a beta of 1.30. The firm has a fifty day simple moving average of $20.52 and a 200 day simple moving average of $20.53. DNB Bank ASA has a 52-week low of $17.40 and a 52-week high of $22.07.

DNB Bank ASA Company Profile

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.