DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Update

DNB Bank ASA (OTCMKTS:DNBBY) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 19,500 shares, a decline of 62.8% from the August 15th total of 52,400 shares. Based on an average daily trading volume, of 104,100 shares, the days-to-cover ratio is currently 0.2 days.

DNB Bank ASA Trading Up 0.8 %

Shares of DNBBY stock traded up $0.15 during mid-day trading on Friday, reaching $20.14. The stock had a trading volume of 43,738 shares, compared to its average volume of 74,505. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 3.37. The stock’s 50-day moving average price is $20.35 and its two-hundred day moving average price is $19.81. The firm has a market capitalization of $31.22 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 1.47 and a beta of 1.31. DNB Bank ASA has a 52-week low of $17.40 and a 52-week high of $21.58.

DNB Bank ASA (OTCMKTS:DNBBY) last released 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 14.24%. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Equities analysts expect that DNB Bank ASA will post 2.47 earnings per share for the current fiscal 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.