DNB Bank ASA (OTCMKTS:DNBBY) Sees Significant Decline in Short Interest

DNB Bank ASA (OTCMKTS:DNBBY) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 14,200 shares, a decrease of 26.8% from the September 30th total of 19,400 shares. Based on an average trading volume of 75,000 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, Citigroup raised 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 traded down $0.05 during trading hours on Tuesday, hitting $20.87. The company had a trading volume of 36,423 shares, compared to its average volume of 69,916. The business has a fifty day moving average of $20.63 and a 200-day moving average of $19.91. DNB Bank ASA has a 12 month low of $17.40 and a 12 month high of $22.07. The firm has a market cap of $32.36 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 1.51 and a beta of 1.30. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 3.37.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. The business had revenue of $2.14 billion during the quarter. DNB Bank ASA had a return on equity of 14.24% and a net margin of 18.94%. Equities analysts anticipate that DNB Bank ASA will post 2.49 EPS for the current fiscal 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.