DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Update

DNB Bank ASA (OTCMKTS:DNBBY) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 31,477 shares, a growth of 154.9% from the May 31st total of 12,351 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 132,067 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DNBBY shares. Zacks Research lowered shares of DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a research note on Wednesday, April 29th. Nordea Equity Research upgraded shares of DNB Bank ASA to a “buy” rating in a research report on Thursday, April 9th. Barclays raised shares of DNB Bank ASA from a “hold” rating to an “overweight” rating in a research note on Wednesday, April 8th. Finally, Morgan Stanley restated an “underweight” rating on shares of DNB Bank ASA in a report on Wednesday. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, DNB Bank ASA currently has an average rating of “Hold”.

DNB Bank ASA Stock Performance

OTCMKTS:DNBBY opened at $29.49 on Monday. The stock’s fifty day moving average is $30.62 and its 200 day moving average is $30.00. DNB Bank ASA has a fifty-two week low of $24.77 and a fifty-two week high of $33.81. The firm has a market capitalization of $45.72 billion, a PE ratio of 10.65 and a beta of 0.63. The company has a debt-to-equity ratio of 3.01, a quick ratio of 1.67 and a current ratio of 1.67.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.29 billion. DNB Bank ASA had a net margin of 21.06% and a return on equity of 14.23%. On average, sell-side analysts anticipate that DNB Bank ASA will post 2.89 earnings per share 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.