DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Update

DNB Bank ASA (OTCMKTS:DNBBY) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 24,252 shares, a growth of 195.9% from the July 15th total of 8,197 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 63,995 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DNBBY shares. Zacks Research downgraded shares of DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a research note on Wednesday, June 24th. The Goldman Sachs Group downgraded shares of DNB Bank ASA from a “hold” rating to a “sell” rating in a report on Monday, July 20th. Citigroup reiterated a “neutral” rating on shares of DNB Bank ASA in a research note on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of DNB Bank ASA in a report on Thursday, July 30th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

DNB Bank ASA Stock Performance

Shares of DNB Bank ASA stock opened at $33.06 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 3.51. DNB Bank ASA has a twelve month low of $25.26 and a twelve month high of $33.81. The stock has a market cap of $51.25 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 9.22 and a beta of 0.65. The company’s fifty day moving average is $30.83 and its 200 day moving average is $30.81.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its earnings results on Tuesday, July 14th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.03. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.28 billion. DNB Bank ASA had a return on equity of 13.97% and a net margin of 21.34%. Sell-side analysts forecast that DNB Bank ASA will post 2.89 EPS for the current year.

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.