DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Update

Key Points

• DNB Bank ASA experienced a significant increase in short interest, rising by 67.0% to a total of 52,600 shares as of September 30th.
• The company's stock recently opened at $27.04, and it has a market capitalization of $39.96 billion with a PE ratio of 9.76.
• Analyst ratings for DNB Bank ASA show a predominance of caution, with an average rating of "Reduce" from multiple investment firms.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 52,600 shares, a growth of 67.0% from the September 15th total of 31,500 shares. Based on an average daily volume of 51,500 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily volume of 51,500 shares, the days-to-cover ratio is presently 1.0 days.

DNB Bank ASA Stock Up 0.5%

Shares of OTCMKTS DNBBY opened at $27.04 on Tuesday. The business has a fifty day moving average of $26.74 and a two-hundred day moving average of $26.33. The company has a debt-to-equity ratio of 3.74, a quick ratio of 1.47 and a current ratio of 1.47. DNB Bank ASA has a 52-week low of $19.20 and a 52-week high of $28.85. The stock has a market cap of $39.96 billion, a PE ratio of 9.76 and a beta of 0.93.

Analyst Ratings Changes

DNBBY has been the topic of several recent research reports. Morgan Stanley reaffirmed an "underweight" rating on shares of DNB Bank ASA in a research report on Tuesday, September 2nd. Citigroup reiterated a "neutral" rating on shares of DNB Bank ASA in a report on Tuesday, October 14th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company 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.

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