Short Interest in DNB Bank ASA (OTCMKTS:DNBBY) Grows By 908.3%

DNB Bank ASA (OTCMKTS:DNBBY) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 72,600 shares, a growth of 908.3% from the May 31st total of 7,200 shares. Based on an average trading volume of 130,300 shares, the short-interest ratio is presently 0.6 days.

DNB Bank ASA Stock Up 0.2 %

OTCMKTS:DNBBY traded up $0.03 during trading hours on Friday, reaching $19.46. 99,324 shares of the stock were exchanged, compared to its average volume of 70,698. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 3.51. The business has a 50-day moving average of $19.11 and a two-hundred day moving average of $19.75. DNB Bank ASA has a twelve month low of $17.40 and a twelve month high of $21.32.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its quarterly earnings data on Monday, April 22nd. The company reported $0.62 earnings per share (EPS) for the quarter. The business had revenue of $1.94 billion for the quarter. DNB Bank ASA had a return on equity of 14.03% and a net margin of 19.47%. As a group, research analysts predict that DNB Bank ASA will post 2.28 earnings per share for the current year.

DNB Bank ASA Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, May 2nd were issued a $1.5339 dividend. The ex-dividend date of this dividend was Wednesday, May 1st. This is a positive change from DNB Bank ASA’s previous dividend of $1.00. DNB Bank ASA’s dividend payout ratio is 45.92%.

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.