Short Interest in DNB Bank ASA (OTCMKTS:DNBBY) Rises By 1,192.2%

DNB Bank ASA (OTCMKTS:DNBBY) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 116,300 shares, an increase of 1,192.2% from the February 28th total of 9,000 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 163,600 shares, the short-interest ratio is currently 0.7 days.

DNB Bank ASA Stock Performance

Shares of DNBBY stock opened at $26.72 on Friday. The company has a fifty day moving average price of $23.03 and a two-hundred day moving average price of $21.37. DNB Bank ASA has a one year low of $17.40 and a one year high of $26.93. The stock has a market cap of $39.88 billion, a P/E ratio of 9.79, a P/E/G ratio of 8.45 and a beta of 1.32. 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 the consensus estimate of $0.62 by $0.12. DNB Bank ASA had a net margin of 20.70% and a return on equity of 15.79%. As a group, equities analysts predict that DNB Bank ASA will post 2.43 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DNBBY. Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a research report on Friday, March 7th. Barclays reiterated an “overweight” rating on shares of DNB Bank ASA in a research note on Thursday, March 6th.

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.