DNB Bank ASA (OTCMKTS:DNBBY) Sees Large Increase in Short Interest

DNB Bank ASA (OTCMKTS:DNBBY) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 66,400 shares, an increase of 242.3% from the July 15th total of 19,400 shares. Based on an average daily volume of 105,500 shares, the days-to-cover ratio is currently 0.6 days.

DNB Bank ASA Stock Up 0.2 %

Shares of DNB Bank ASA stock traded up $0.04 during midday trading on Monday, hitting $19.88. The company’s stock had a trading volume of 37,281 shares, compared to its average volume of 77,122. DNB Bank ASA has a 1-year low of $17.40 and a 1-year high of $21.32. 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 firm has a market capitalization of $30.82 billion, a P/E ratio of 8.21, a PEG ratio of 1.52 and a beta of 1.32. The stock has a 50-day simple moving average of $19.81 and a 200-day simple moving average of $19.62.

DNB Bank ASA (OTCMKTS:DNBBY) last released its earnings results on Thursday, July 11th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.07. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.87 billion. DNB Bank ASA had a return on equity of 14.13% and a net margin of 18.94%. As a group, sell-side analysts expect that DNB Bank ASA will post 2.47 earnings per share 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.