DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Update

DNB Bank ASA (OTCMKTS:DNBBY – Get Rating) saw a large increase in short interest during the month of December. As of December 30th, there was short interest totalling 40,700 shares, an increase of 1,838.1% from the December 15th total of 2,100 shares. Based on an average daily trading volume, of 166,600 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Nordea Equity Research upgraded shares of DNB Bank ASA from a “hold” rating to a “buy” rating in a research note on Wednesday, November 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $213.00.

DNB Bank ASA Trading Down 2.9 %

Shares of DNB Bank ASA stock opened at $18.99 on Wednesday. The firm has a market capitalization of $29.44 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 0.80 and a beta of 1.34. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 3.48. The firm’s 50 day moving average is $18.97 and its 200 day moving average is $18.46. DNB Bank ASA has a 1 year low of $15.58 and a 1 year high of $25.18.

DNB Bank ASA (OTCMKTS:DNBBY – Get Rating) last announced its quarterly earnings results on Thursday, October 20th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.04. DNB Bank ASA had a net margin of 36.11% and a return on equity of 11.69%. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.60 billion. Equities research analysts forecast that DNB Bank ASA will post 1.74 earnings per share for the current fiscal year.

About DNB Bank ASA

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DNB Bank ASA provides financial services for retail and corporate customers in Norway and internationally. The company offers personal banking products and services, including savings and investment products; loans, such as home mortgages, and car and consumer loans; pet, home and property, travel, and personal insurance products, as well as insurance products for vehicles; retirement savings products; foreign exchange and treasury activities; and Internet and mobile banking services, as well as cards.