DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Up 908.3% in June

DNB Bank ASA (OTCMKTS:DNBBY) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 72,600 shares, an increase of 908.3% from the May 31st total of 7,200 shares. Based on an average daily volume of 130,300 shares, the short-interest ratio is presently 0.6 days.

DNB Bank ASA Stock Up 1.3 %

DNBBY opened at $19.72 on Friday. The company has a fifty day moving average of $19.12 and a 200 day moving average of $19.75. DNB Bank ASA has a fifty-two week low of $17.40 and a fifty-two week high of $21.32. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 3.51.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its earnings results on Monday, April 22nd. The company reported $0.62 earnings per share for the quarter. The company had revenue of $1.94 billion during the quarter. DNB Bank ASA had a net margin of 19.47% and a return on equity of 14.03%. As a group, sell-side analysts forecast that DNB Bank ASA will post 2.28 earnings per share for the current fiscal year.

DNB Bank ASA Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, May 2nd were given a dividend of $1.5339 per share. The ex-dividend date was Wednesday, May 1st. This is a positive change from DNB Bank ASA’s previous dividend of $1.00. DNB Bank ASA’s dividend payout ratio (DPR) is 45.92%.

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.