Short Interest in DNB Bank ASA (OTCMKTS:DNBBY) Increases By 556.3%

Key Points

• Short interest in DNB Bank ASA surged by 556.3% in September, reaching a total of 31,500 shares compared to only 4,800 shares at the end of August.
• The current stock price of DNB Bank ASA is $27.18, down 0.4%, with a market capitalization of $42.14 billion.
• Analysts have a consensus rating of "Reduce" for DNB Bank ASA, with Morgan Stanley maintaining an "underweight" rating.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 31,500 shares, a growth of 556.3% from the August 31st total of 4,800 shares. Based on an average trading volume of 61,700 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 61,700 shares, the short-interest ratio is currently 0.5 days.

DNB Bank ASA Stock Down 0.4%

DNBBY stock opened at $27.18 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 3.74. The company's 50-day moving average price is $26.36 and its 200 day moving average price is $26.23. DNB Bank ASA has a 52 week low of $19.20 and a 52 week high of $28.85. The company has a market cap of $42.14 billion, a P/E ratio of 9.81 and a beta of 0.98.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) last issued 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). The company had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $23.05 billion. DNB Bank ASA had a net margin of 21.24% and a return on equity of 15.72%. On average, research analysts expect that DNB Bank ASA will post 2.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reiterated an "underweight" rating on shares of DNB Bank ASA in a research note on Tuesday, September 2nd. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, DNB Bank ASA currently has a consensus rating of "Reduce".

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.

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