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

DNB Bank ASA (OTCMKTS:DNBBY) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 3,900 shares, a decline of 68.4% from the April 15th total of 12,348 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 85,646 shares, the days-to-cover ratio is currently 0.0 days.

DNB Bank ASA Trading Up 0.4%

OTCMKTS:DNBBY opened at $30.03 on Friday. The company has a fifty day moving average of $30.89 and a 200 day moving average of $29.05. DNB Bank ASA has a 52 week low of $24.77 and a 52 week high of $33.81. The company has a quick ratio of 1.45, a current ratio of 1.44 and a debt-to-equity ratio of 3.16. The firm has a market capitalization of $46.56 billion, a P/E ratio of 10.84 and a beta of 0.64.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.67 EPS for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.29 billion. On average, research analysts predict that DNB Bank ASA will post 2.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Zacks Research lowered shares of DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Nordea Equity Research upgraded shares of DNB Bank ASA to a “buy” rating in a report on Thursday, April 9th. Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a report on Tuesday. Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a report on Wednesday, April 29th. Finally, Pareto Securities lowered shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a report on Thursday, February 5th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

About DNB Bank ASA

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.