DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Up 50.0% in May

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) saw a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 6,300 shares, a growth of 50.0% from the May 15th total of 4,200 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 57,200 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

A number of brokerages recently weighed in on DNBBY. Morgan Stanley restated an "underweight" rating on shares of DNB Bank ASA in a report on Friday, March 7th. Barclays downgraded DNB Bank ASA from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 2nd. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of DNB Bank ASA in a report on Tuesday, May 13th. Finally, Citigroup reaffirmed a "neutral" rating on shares of DNB Bank ASA in a report on Wednesday, May 21st.

DNB Bank ASA Trading Down 0.2%

Shares of DNBBY traded down $0.05 during midday trading on Monday, hitting $28.11. The stock had a trading volume of 39,759 shares, compared to its average volume of 196,659. The business has a 50-day simple moving average of $25.96 and a two-hundred day simple moving average of $23.48. The firm has a market cap of $43.58 billion, a P/E ratio of 10.30, a price-to-earnings-growth ratio of 8.45 and a beta of 1.01. The company has a current ratio of 1.48, a quick ratio of 1.42 and a debt-to-equity ratio of 3.57. DNB Bank ASA has a fifty-two week low of $18.91 and a fifty-two week high of $28.36.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.01. DNB Bank ASA had a net margin of 20.70% and a return on equity of 15.79%. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $21.24 billion. As a group, equities analysts forecast that DNB Bank ASA will post 2.43 EPS for the current year.

DNB Bank ASA Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were issued a dividend of $1.2311 per share. The ex-dividend date was Friday, May 2nd. This represents a dividend yield of 4.76%. DNB Bank ASA's dividend payout ratio is 42.55%.

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.

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