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

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

Analysts Set New Price Targets

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

DNB Bank ASA Stock Performance

Shares of DNBBY stock traded down $0.02 during trading hours on Thursday, hitting $19.90. The stock had a trading volume of 80,469 shares, compared to its average volume of 69,136. The firm has a market capitalization of $29.70 billion, a PE ratio of 7.83, a PEG 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 debt-to-equity ratio of 3.49, a current ratio of 1.42 and a quick ratio of 1.42. 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 posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. DNB Bank ASA had a return on equity of 14.70% and a net margin of 19.22%. The company had revenue of $2.14 billion during the quarter. As a group, research analysts forecast that DNB Bank ASA will post 2.52 earnings per share for the current fiscal year.

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.