DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Up 30.3% in October

DNB Bank ASA (OTCMKTS:DNBBY) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 18,500 shares, an increase of 30.3% from the October 15th total of 14,200 shares. Based on an average daily volume of 97,100 shares, the short-interest ratio is presently 0.2 days.

DNB Bank ASA Stock Up 0.1 %

Shares of DNBBY opened at $20.34 on Friday. The business’s fifty day moving average price is $20.56 and its 200 day moving average price is $20.05. The company has a debt-to-equity ratio of 3.49, a quick ratio of 1.42 and a current ratio of 1.42. DNB Bank ASA has a 12-month low of $17.40 and a 12-month high of $22.07.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. The business had revenue of $2.14 billion during the quarter. DNB Bank ASA had a net margin of 19.22% and a return on equity of 14.70%. Research analysts anticipate that DNB Bank ASA will post 2.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.