Short Interest in DNB Bank ASA (OTCMKTS:DNBBY) Drops By 60.3%

DNB Bank ASA (OTCMKTS:DNBBY) was the recipient of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 10,000 shares, a drop of 60.3% from the January 31st total of 25,200 shares. Based on an average daily volume of 2,370,000 shares, the short-interest ratio is currently 0.0 days.

DNB Bank ASA Trading Up 0.3 %

DNB Bank ASA stock traded up $0.08 during midday trading on Friday, reaching $22.94. The stock had a trading volume of 24,830 shares, compared to its average volume of 435,211. The firm’s fifty day simple moving average is $21.12 and its two-hundred day simple moving average is $20.81. The firm has a market cap of $34.24 billion, a price-to-earnings ratio of 8.40, a PEG ratio of 8.45 and a beta of 1.30. DNB Bank ASA has a twelve month low of $17.40 and a twelve month high of $23.40. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.48 and a quick ratio of 1.42.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its earnings results on Wednesday, February 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.12. DNB Bank ASA had a net margin of 20.70% and a return on equity of 15.79%. Equities analysts anticipate that DNB Bank ASA will post 2.43 EPS 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.