Short Interest in DNB Bank ASA (OTCMKTS:DNBBY) Expands By 149.5%

DNB Bank ASA (OTCMKTS:DNBBY) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 25,200 shares, a growth of 149.5% from the January 15th total of 10,100 shares. Based on an average daily volume of 111,900 shares, the days-to-cover ratio is currently 0.2 days.

DNB Bank ASA Stock Performance

Shares of DNBBY opened at $21.08 on Thursday. DNB Bank ASA has a one year low of $17.40 and a one year high of $22.07. The business has a fifty day moving average of $20.64 and a 200 day moving average of $20.62. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $31.46 billion, a P/E ratio of 7.72, a PEG ratio of 1.75 and a beta of 1.30.

DNB Bank ASA (OTCMKTS:DNBBY) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.12. DNB Bank ASA had a return on equity of 15.84% and a net margin of 20.70%. As a group, sell-side analysts anticipate that DNB Bank ASA will post 2.22 EPS 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.