Short Interest in DNB Bank ASA (OTCMKTS:DNBBY) Increases By 1,192.2%

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 116,300 shares, an increase of 1,192.2% from the February 28th total of 9,000 shares. Based on an average trading volume of 163,600 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Morgan Stanley reaffirmed an "underweight" rating on shares of DNB Bank ASA in a report on Friday, March 7th. Barclays reaffirmed an "overweight" rating on shares of DNB Bank ASA in a research report on Thursday, March 6th.

DNB Bank ASA Price Performance

OTCMKTS DNBBY traded down $0.18 on Friday, hitting $26.54. 47,438 shares of the company's stock were exchanged, compared to its average volume of 309,508. DNB Bank ASA has a 52 week low of $17.40 and a 52 week high of $26.96. The stock has a 50-day moving average of $23.14 and a 200-day moving average of $21.43. The company has a current ratio of 1.48, a quick ratio of 1.42 and a debt-to-equity ratio of 3.57. The stock has a market cap of $39.61 billion, a price-to-earnings ratio of 9.72, a P/E/G ratio of 8.45 and a beta of 1.32.

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

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About DNB Bank ASA

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.