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

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

DNB Bank ASA Stock Down 0.9%

Shares of DNBBY stock traded down $0.27 on Thursday, reaching $29.92. 34,615 shares of the company were exchanged, compared to its average volume of 53,323. The company has a market cap of $46.39 billion, a price-to-earnings ratio of 10.80 and a beta of 0.64. The company has a 50-day moving average of $30.93 and a 200-day moving average of $29.01. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.44 and a quick ratio of 1.45. DNB Bank ASA has a one year low of $24.77 and a one year high of $33.81.

DNB Bank ASA (OTCMKTS:DNBBY) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.29 billion. DNB Bank ASA had a net margin of 21.06% and a return on equity of 14.63%. Analysts anticipate that DNB Bank ASA will post 2.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

DNBBY has been the topic of a number of research analyst reports. Zacks Research cut shares of DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Barclays raised shares of DNB Bank ASA from a “hold” rating to an “overweight” rating in a research report on Wednesday, April 8th. Nordea Equity Research raised shares of DNB Bank ASA to a “buy” rating in a research report on Thursday, April 9th. Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a research report on Wednesday, April 29th. Finally, Pareto Securities cut shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a research report on Thursday, February 5th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently 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.