DNB Bank ASA (OTCMKTS:DNBBY) Sees Significant Increase in Short Interest

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

Analyst Upgrades and Downgrades

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

DNB Bank ASA Price Performance

Shares of OTCMKTS:DNBBY opened at $29.49 on Monday. The firm has a market cap of $45.72 billion, a price-to-earnings ratio of 10.65 and a beta of 0.63. The firm has a fifty day moving average price of $30.62 and a 200 day moving average price of $30.00. DNB Bank ASA has a fifty-two week low of $24.77 and a fifty-two week high of $33.81. 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 announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.67 earnings per share (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 14.23%. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.29 billion. As a group, sell-side analysts expect that DNB Bank ASA will post 2.89 earnings per share for the current fiscal year.

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.