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

DNB Bank ASA (OTCMKTS:DNBBY) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 31,477 shares, an increase of 154.9% from the May 31st total of 12,351 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 132,067 shares, the short-interest ratio is presently 0.2 days.

DNB Bank ASA Price Performance

Shares of DNBBY opened at $29.59 on Tuesday. DNB Bank ASA has a 1-year low of $24.77 and a 1-year high of $33.81. The stock has a market cap of $45.87 billion, a PE ratio of 10.68 and a beta of 0.63. The firm has a 50-day simple moving average of $30.56 and a two-hundred day simple moving average of $30.02. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.67 and a quick ratio of 1.67.

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

Analyst Upgrades and Downgrades

DNBBY has been the topic of several recent analyst reports. 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 note on Friday, May 8th. Barclays raised shares of DNB Bank ASA from a “hold” rating to an “overweight” rating in a report on Wednesday, April 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 restated an “underweight” rating on shares of DNB Bank ASA in a research report on Wednesday, June 24th. 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, the company presently has a consensus rating of “Hold”.

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.