DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Update

Key Points

• Short Interest Decrease: DNB Bank ASA's short interest dropped by 82.1% in July, from 15,100 shares to just 2,700 shares, indicating a change in investor sentiment.
• Quarterly Earnings: The bank reported $0.66 earnings per share for the last quarter, which missed analysts' expectations of $0.70.
• Stock Ratings: DNB Bank ASA has received mixed ratings from analysts, with Barclays downgrading its rating from "strong-buy" to "hold" while other firms maintained "hold" or "neutral" ratings.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 2,700 shares, adecreaseof82.1% from the July 15th total of 15,100 shares. Based on an average trading volume of 67,900 shares, the short-interest ratio is currently 0.0 days. Approximately0.0% of the shares of the stock are sold short. Approximately0.0% of the shares of the stock are sold short. Based on an average trading volume of 67,900 shares, the short-interest ratio is currently 0.0 days.

DNB Bank ASA Price Performance

DNB Bank ASA stock traded down $0.08 during trading hours on Friday, hitting $26.29. The stock had a trading volume of 18,508 shares, compared to its average volume of 33,763. The company has a debt-to-equity ratio of 3.74, a current ratio of 1.47 and a quick ratio of 1.47. The stock has a market capitalization of $40.76 billion, a price-to-earnings ratio of 9.49 and a beta of 0.97. DNB Bank ASA has a 1-year low of $19.20 and a 1-year high of $28.85. The stock's fifty day moving average is $26.59 and its two-hundred day moving average is $25.32.

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 for the quarter, missing the consensus estimate of $0.70 by ($0.04). The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $23.05 billion. DNB Bank ASA had a net margin of 21.24% and a return on equity of 15.72%. As a group, analysts predict that DNB Bank ASA will post 2.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DNBBY has been the topic of a number of recent analyst reports. Barclays lowered DNB Bank ASA from a "strong-buy" rating to a "hold" rating in a report on Monday, June 2nd. Deutsche Bank Aktiengesellschaft reaffirmed 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 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.