DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Up 337.5% in December

DNB Bank ASA (OTCMKTS:DNBBY) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 7,000 shares, an increase of 337.5% from the December 15th total of 1,600 shares. Based on an average daily trading volume, of 190,200 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of DNB Bank ASA to a “hold” rating in a research note on Friday, October 11th.

DNB Bank ASA Trading Up 1.6 %

OTCMKTS DNBBY traded up $0.31 on Monday, reaching $20.22. The stock had a trading volume of 78,769 shares, compared to its average volume of 88,975. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 3.49. The stock has a fifty day moving average price of $20.46 and a two-hundred day moving average price of $20.43. DNB Bank ASA has a 12-month low of $17.40 and a 12-month high of $22.07. The firm has a market capitalization of $30.18 billion, a price-to-earnings ratio of 7.96, a P/E/G ratio of 1.50 and a beta of 1.30.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. DNB Bank ASA had a return on equity of 14.70% and a net margin of 19.22%. The firm had revenue of $2.14 billion for the quarter. As a group, sell-side analysts forecast that DNB Bank ASA will post 2.52 EPS for the current fiscal year.

DNB Bank ASA Company Profile

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.