DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Update

Key Points

• DNB Bank ASA experienced a significant increase in short interest of 85.2% in August, climbing from 2,700 shares on July 31 to 5,000 shares.
• Several brokerages have downgraded the bank's stock, with Barclays reducing its rating from "strong-buy" to "hold", and three analysts currently rating it as "Hold".
• The bank reported earnings of $0.66 per share, missing analysts' expectations by $0.04, and aims for an estimated 2.43 earnings per share for the current fiscal year.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) saw a significant increase in short interest in August. As of August 15th, there was short interest totaling 5,000 shares, an increase of 85.2% from the July 31st total of 2,700 shares. Based on an average trading volume of 58,700 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 58,700 shares, the short-interest ratio is presently 0.1 days.

DNB Bank ASA Stock Performance

Shares of OTCMKTS:DNBBY traded up $0.46 during midday trading on Wednesday, reaching $26.87. The company's stock had a trading volume of 13,889 shares, compared to its average volume of 139,971. The firm has a market capitalization of $41.65 billion, a PE ratio of 9.70 and a beta of 0.98. DNB Bank ASA has a twelve month low of $19.20 and a twelve month high of $28.85. The stock has a fifty day moving average of $26.20 and a 200 day moving average of $25.89. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 3.74.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) last posted its earnings results on Friday, July 11th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.04). DNB Bank ASA had a net margin of 21.24% and a return on equity of 15.72%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $23.05 billion. On average, equities analysts expect that DNB Bank ASA will post 2.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DNBBY shares. Barclays cut DNB Bank ASA from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 2nd. Morgan Stanley reiterated an "underweight" rating on shares of DNB Bank ASA in a research note on Tuesday, September 2nd. Citigroup reissued a "neutral" rating on shares of DNB Bank ASA in a report on Wednesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of DNB Bank ASA in a research note on Tuesday, May 13th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Reduce".

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.