Short Interest in DNB Bank ASA (OTCMKTS:DNBBY) Decreases By 54.6%

DNB Bank ASA (OTCMKTS:DNBBY) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,769 shares, a decline of 54.6% from the April 30th total of 3,900 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 99,569 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DNBBY. Nordea Equity Research upgraded shares of DNB Bank ASA to a “buy” rating in a report on Thursday, April 9th. Pareto Securities downgraded DNB Bank ASA from a “buy” rating to a “hold” rating in a research report on Thursday, February 5th. Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a research report on Wednesday, April 29th. Zacks Research downgraded DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, DNB Bank ASA has a consensus rating of “Hold”.

DNB Bank ASA Stock Performance

OTCMKTS DNBBY opened at $30.98 on Friday. The company has a market cap of $48.03 billion, a P/E ratio of 11.18 and a beta of 0.64. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.67 and a quick ratio of 1.67. The stock has a 50-day moving average of $31.05 and a two-hundred day moving average of $29.43. DNB Bank ASA has a 1-year low of $24.77 and a 1-year high of $33.81.

DNB Bank ASA (OTCMKTS:DNBBY) last released its earnings results on Thursday, April 23rd. The company reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. DNB Bank ASA had a return on equity of 14.23% and a net margin of 21.06%. As a group, analysts anticipate that DNB Bank ASA will post 2.89 EPS for the current year.

About DNB Bank ASA

DNB Bank ASA (OTCMKTS: DNBBY) is Norway’s largest financial services group, offering a broad range of banking, insurance and capital markets services to retail, corporate and institutional clients. The bank’s core activities encompass retail and commercial banking, corporate and investment banking, asset management, life insurance and pension products, as well as payment and card services. DNB provides traditional deposit and lending products, mortgages, savings and wealth management solutions, securities trading, corporate finance and treasury services.

The group operates through several specialized business lines, including DNB Markets for investment banking and capital markets activities and DNB Asset Management for portfolio management and investment funds.