Short Interest in DNB Bank ASA (OTCMKTS:DNBBY) Rises By 337.5%

DNB Bank ASA (OTCMKTS:DNBBYGet Free Report) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 7,000 shares, an increase of 337.5% from the December 15th total of 1,600 shares. Based on an average daily volume of 190,200 shares, the short-interest ratio is presently 0.0 days.

DNB Bank ASA Price Performance

Shares of OTCMKTS:DNBBY traded up $0.31 during trading on Monday, reaching $20.22. The stock had a trading volume of 78,769 shares, compared to its average volume of 88,975. The business has a fifty day moving average price of $20.46 and a 200-day moving average price of $20.43. DNB Bank ASA has a 1-year low of $17.40 and a 1-year high of $22.07. The company has a debt-to-equity ratio of 3.49, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market cap of $30.18 billion, a PE ratio of 7.96, a PEG ratio of 1.50 and a beta of 1.30.

DNB Bank ASA (OTCMKTS:DNBBYGet Free Report) last announced its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.12. The company had revenue of $2.14 billion for the quarter. DNB Bank ASA had a net margin of 19.22% and a return on equity of 14.70%. On average, equities analysts forecast that DNB Bank ASA will post 2.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of DNB Bank ASA to a “hold” rating in a research note on Friday, October 11th.

Read Our Latest Stock Report on DNBBY

DNB Bank ASA Company Profile

(Get Free Report)

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.

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