DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Up 3,133.3% in September

DNB Bank ASA (OTCMKTS:DNBBY) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 19,400 shares, a growth of 3,133.3% from the September 15th total of 600 shares. Based on an average daily volume of 82,400 shares, the days-to-cover ratio is currently 0.2 days.

DNB Bank ASA Price Performance

OTCMKTS DNBBY opened at $20.61 on Friday. DNB Bank ASA has a fifty-two week low of $17.40 and a fifty-two week high of $21.58. The stock’s 50-day moving average is $20.48 and its two-hundred day moving average is $19.86. The company has a debt-to-equity ratio of 3.37, a quick ratio of 1.69 and a current ratio of 1.69.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its earnings results on Thursday, July 11th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.07. DNB Bank ASA had a return on equity of 14.24% and a net margin of 18.94%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.87 billion. Equities research analysts anticipate that DNB Bank ASA will post 2.49 EPS for the current year.

About DNB Bank ASA

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.