DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Down 96.9% in September

DNB Bank ASA (OTCMKTS:DNBBY) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 600 shares, a decrease of 96.9% from the August 31st total of 19,500 shares. Based on an average trading volume of 110,300 shares, the short-interest ratio is currently 0.0 days.

DNB Bank ASA Price Performance

DNBBY traded up $0.16 on Friday, reaching $20.61. The company had a trading volume of 37,433 shares, compared to its average volume of 72,764. The company’s fifty day moving average is $20.45 and its 200 day moving average is $19.83. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 3.37. DNB Bank ASA has a fifty-two week low of $17.40 and a fifty-two week high of $21.58.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its earnings results on Thursday, July 11th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.87 billion. DNB Bank ASA had a return on equity of 14.24% and a net margin of 18.94%. On average, 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.