DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Up 598.2% in May

DNB Bank ASA (OTCMKTS:DNBBY) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 12,351 shares, a growth of 598.2% from the May 14th total of 1,769 shares. Based on an average trading volume of 218,300 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

DNBBY has been the subject of several analyst reports. Barclays raised shares of DNB Bank ASA from a “hold” rating to an “overweight” rating in a report on Wednesday, April 8th. Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a report on Wednesday, April 29th. Zacks Research cut shares of DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Nordea Equity Research upgraded shares of DNB Bank ASA to a “buy” rating in a research report on Thursday, April 9th. Finally, Morgan Stanley reissued an “underweight” rating on shares of DNB Bank ASA in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, DNB Bank ASA currently has a consensus rating of “Hold”.

DNB Bank ASA Trading Up 1.6%

Shares of OTCMKTS:DNBBY traded up $0.48 during trading on Friday, reaching $30.60. 19,155 shares of the company traded hands, compared to its average volume of 59,915. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 3.01. DNB Bank ASA has a 52-week low of $24.77 and a 52-week high of $33.81. The firm has a market capitalization of $47.44 billion, a price-to-earnings ratio of 11.05 and a beta of 0.63. The business’s fifty day moving average is $31.06 and its 200-day moving average is $29.72.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.67 EPS for the quarter, meeting analysts’ consensus estimates of $0.67. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.29 billion. DNB Bank ASA had a net margin of 21.06% and a return on equity of 14.23%. As a group, analysts forecast that DNB Bank ASA will post 2.89 EPS for the current 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.