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

DNB Bank ASA (OTCMKTS:DNBBY) was the recipient of a significant drop in short interest in August. As of August 15th, there was short interest totalling 52,400 shares, a drop of 21.1% from the July 31st total of 66,400 shares. Based on an average daily trading volume, of 222,900 shares, the days-to-cover ratio is presently 0.2 days.

DNB Bank ASA Trading Down 1.7 %

OTCMKTS DNBBY traded down $0.37 on Friday, reaching $21.15. 116,884 shares of the company were exchanged, compared to its average volume of 75,512. DNB Bank ASA has a fifty-two week low of $17.40 and a fifty-two week high of $21.58. The stock has a market capitalization of $32.79 billion, a P/E ratio of 8.74, a price-to-earnings-growth ratio of 1.52 and a beta of 1.32. The business’s fifty day moving average price is $20.27 and its 200 day moving average price is $19.76. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 3.51.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its quarterly 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. DNB Bank ASA had a net margin of 18.94% and a return on equity of 14.13%. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Analysts forecast 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.