DNB Bank ASA (OTCMKTS:DNBBY) Sees Large Growth in Short Interest

DNB Bank ASA (OTCMKTS:DNBBY) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 7,000 shares, a growth of 337.5% from the December 31st total of 1,600 shares. Based on an average daily volume of 190,200 shares, the days-to-cover ratio is currently 0.0 days.

DNB Bank ASA Price Performance

OTCMKTS DNBBY traded down $0.02 during trading on Thursday, hitting $21.63. 47,685 shares of the stock traded hands, compared to its average volume of 67,318. The company has a market capitalization of $32.28 billion, a P/E ratio of 8.52, a price-to-earnings-growth ratio of 1.75 and a beta of 1.30. DNB Bank ASA has a 12-month low of $17.40 and a 12-month high of $22.07. The firm has a 50-day simple moving average of $20.54 and a 200-day simple moving average of $20.54. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 3.49.

Analyst Upgrades and Downgrades

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

DNB Bank ASA Company Profile

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.