Short Interest in DNB Bank ASA (OTCMKTS:DNBBY) Drops By 68.4%

DNB Bank ASA (OTCMKTS:DNBBY) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 3,900 shares, a decrease of 68.4% from the April 15th total of 12,348 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 85,646 shares, the short-interest ratio is presently 0.0 days.

DNB Bank ASA Trading Down 0.9%

Shares of DNB Bank ASA stock traded down $0.27 during trading on Thursday, hitting $29.92. The company’s stock had a trading volume of 34,615 shares, compared to its average volume of 53,323. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.44 and a quick ratio of 1.45. DNB Bank ASA has a 52 week low of $24.77 and a 52 week high of $33.81. The stock has a market cap of $46.39 billion, a price-to-earnings ratio of 10.80 and a beta of 0.64. The stock has a 50-day moving average price of $30.93 and a two-hundred day moving average price of $29.01.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. DNB Bank ASA had a net margin of 21.06% and a return on equity of 14.63%. The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Equities research analysts anticipate that DNB Bank ASA will post 2.87 EPS for the current fiscal year.

Analysts Set New Price Targets

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

DNB Bank ASA Company Profile

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.