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

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 33,500 shares, a growth of 174.6% from the March 31st total of 12,200 shares. Based on an average daily volume of 208,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

DNBBY has been the subject of several research reports. Barclays reissued an "overweight" rating on shares of DNB Bank ASA in a research note on Thursday, March 6th. Citigroup reiterated a "neutral" rating on shares of DNB Bank ASA in a research note on Thursday. Finally, Morgan Stanley restated an "underweight" rating on shares of DNB Bank ASA in a research report on Friday, March 7th.

DNB Bank ASA Stock Up 0.1 %

OTCMKTS:DNBBY opened at $25.40 on Monday. DNB Bank ASA has a one year low of $17.40 and a one year high of $26.96. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.48 and a quick ratio of 1.42. The company has a market cap of $37.91 billion, a PE ratio of 9.30, a P/E/G ratio of 8.45 and a beta of 1.04. The firm's 50 day simple moving average is $24.44 and its 200 day simple moving average is $22.04.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.12. DNB Bank ASA had a net margin of 20.70% and a return on equity of 15.79%. On average, research analysts anticipate that DNB Bank ASA will post 2.43 earnings per share for the current 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.

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