DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Down 26.8% in October

DNB Bank ASA (OTCMKTS:DNBBY) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 14,200 shares, a decrease of 26.8% from the September 30th total of 19,400 shares. Based on an average daily trading volume, of 75,000 shares, the days-to-cover ratio is presently 0.2 days.

DNB Bank ASA Stock Up 0.6 %

Shares of DNB Bank ASA stock traded up $0.12 during trading on Tuesday, reaching $20.99. The stock had a trading volume of 39,614 shares, compared to its average volume of 69,771. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 3.37. The company has a market capitalization of $32.54 billion, a price-to-earnings ratio of 8.62, a P/E/G ratio of 1.51 and a beta of 1.30. The stock has a fifty day moving average price of $20.63 and a two-hundred day moving average price of $19.91. DNB Bank ASA has a 52 week low of $17.40 and a 52 week high of $22.07.

DNB Bank ASA (OTCMKTS:DNBBY) last released its earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. The firm had revenue of $2.14 billion for the quarter. DNB Bank ASA had a return on equity of 14.24% and a net margin of 18.94%. Sell-side analysts predict that DNB Bank ASA will post 2.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

DNB Bank ASA Company Profile

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.