DNB Bank ASA (OTCMKTS:DNBBY) Stock Short Interest Report for September

DNB Bank ASA (OTCMKTS:DNBBY) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 15,154 shares, a drop of 68.4% from the September 15th total of 47,995 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 65,870 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DNBBY. Citigroup reissued a “neutral” rating on shares of DNB Bank ASA in a report on Friday. Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a report on Wednesday, June 24th. Barclays downgraded shares of DNB Bank ASA from an “overweight” rating to a “strong sell” rating in a research report on Friday, October 9th. The Goldman Sachs Group lowered DNB Bank ASA from a “hold” rating to a “sell” rating in a research report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of DNB Bank ASA in a research note on Wednesday, September 16th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, DNB Bank ASA currently has a consensus rating of “Reduce”.

DNB Bank ASA Price Performance

DNBBY traded down $0.07 on Wednesday, reaching $32.37. 16,318 shares of the company’s stock were exchanged, compared to its average volume of 51,239. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.70 and a quick ratio of 1.70. The stock’s fifty day moving average price is $33.27 and its 200-day moving average price is $31.68. DNB Bank ASA has a twelve month low of $25.26 and a twelve month high of $34.78. The stock has a market cap of $50.18 billion, a PE ratio of 11.56, a P/E/G ratio of 9.11 and a beta of 0.70.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its quarterly earnings data on Tuesday, July 14th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.28 billion. DNB Bank ASA had a net margin of 21.34% and a return on equity of 13.97%. Sell-side analysts expect that DNB Bank ASA will post 2.84 EPS for the current year.

About DNB Bank ASA

DNB Bank ASA is a Norway-based financial services group and the country’s largest bank. The company provides banking and financial products to individual customers, small and medium-sized businesses, large corporations, and public-sector organizations.

Its activities include personal and business banking, lending, deposits, payment services, savings and investment products, asset management, insurance, and pension services. DNB also offers corporate finance, investment banking, securities, and other capital-markets services.