DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Up 1,192.2% in March

DNB Bank ASA (OTCMKTS:DNBBY) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 116,300 shares, a growth of 1,192.2% from the February 28th total of 9,000 shares. Based on an average trading volume of 163,600 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DNBBY shares. Morgan Stanley reissued an “underweight” rating on shares of DNB Bank ASA in a research note on Friday, March 7th. Barclays reiterated an “overweight” rating on shares of DNB Bank ASA in a research report on Thursday, March 6th.

DNB Bank ASA Trading Up 1.0 %

OTCMKTS:DNBBY traded up $0.25 on Wednesday, reaching $26.45. 32,606 shares of the stock traded hands, compared to its average volume of 319,011. The company has a current ratio of 1.48, a quick ratio of 1.42 and a debt-to-equity ratio of 3.57. DNB Bank ASA has a 1-year low of $17.40 and a 1-year high of $26.93. The company’s 50 day moving average is $22.91 and its 200-day moving average is $21.34. The firm has a market capitalization of $39.48 billion, a price-to-earnings ratio of 9.69, a price-to-earnings-growth ratio of 8.45 and a beta of 1.32.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.12. DNB Bank ASA had a net margin of 20.70% and a return on equity of 15.79%. Equities research analysts anticipate that DNB Bank ASA will post 2.43 EPS for the current fiscal year.

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.