DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Update

DNB Bank ASA (OTCMKTS:DNBBY) saw a significant growth in short interest in July. As of July 31st, there was short interest totalling 66,400 shares, a growth of 242.3% from the July 15th total of 19,400 shares. Based on an average daily trading volume, of 105,500 shares, the days-to-cover ratio is currently 0.6 days.

DNB Bank ASA Stock Performance

Shares of DNBBY traded up $0.04 during midday trading on Monday, reaching $19.88. 37,281 shares of the stock were exchanged, compared to its average volume of 77,122. The company has a market cap of $30.82 billion, a P/E ratio of 8.21, a PEG ratio of 1.52 and a beta of 1.32. The stock’s 50 day simple moving average is $19.81 and its 200 day simple moving average is $19.62. DNB Bank ASA has a twelve month low of $17.40 and a twelve month high of $21.32. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 3.51.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its quarterly earnings results on Thursday, July 11th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.87 billion. DNB Bank ASA had a return on equity of 14.13% and a net margin of 18.94%. On average, sell-side analysts expect that DNB Bank ASA will post 2.47 earnings per share for the current year.

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.