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

DNB Bank ASA (OTCMKTS:DNBBY) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 18,500 shares, a growth of 30.3% from the October 15th total of 14,200 shares. Based on an average daily trading volume, of 97,100 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

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

DNB Bank ASA Price Performance

Shares of DNBBY stock opened at $20.73 on Friday. The firm has a market capitalization of $32.14 billion, a P/E ratio of 8.16, a P/E/G ratio of 1.48 and a beta of 1.30. DNB Bank ASA has a 52-week low of $17.40 and a 52-week high of $22.07. The stock has a 50 day moving average price of $20.58 and a 200 day moving average price of $20.07. The company has a debt-to-equity ratio of 3.49, a quick ratio of 1.42 and a current ratio of 1.42.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.61 by $0.12. The company had revenue of $2.14 billion during the quarter. DNB Bank ASA had a net margin of 19.22% and a return on equity of 14.70%. As a group, sell-side analysts predict that DNB Bank ASA will post 2.53 earnings per share for the current year.

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.