DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Down 88.6% in December

DNB Bank ASA (OTCMKTS:DNBBY) saw a significant drop in short interest in December. As of December 15th, there was short interest totalling 1,600 shares, a drop of 88.6% from the November 30th total of 14,000 shares. Based on an average trading volume of 128,000 shares, the days-to-cover ratio is currently 0.0 days.

DNB Bank ASA Price Performance

OTCMKTS:DNBBY traded down $0.02 during trading hours on Thursday, reaching $19.90. 80,469 shares of the company were exchanged, compared to its average volume of 69,136. The firm has a market cap of $29.70 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The stock’s 50-day moving average is $20.65 and its 200-day moving average is $20.37. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 3.49. DNB Bank ASA has a twelve month low of $17.40 and a twelve month high of $22.07.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. The company had revenue of $2.14 billion for the quarter. DNB Bank ASA had a return on equity of 14.70% and a net margin of 19.22%. On average, sell-side analysts anticipate that DNB Bank ASA will post 2.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of DNB Bank ASA to a “hold” rating in a research report on Friday, October 11th.

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.