DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Up 30.3% in October

DNB Bank ASA (OTCMKTS:DNBBY) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 18,500 shares, a growth of 30.3% from the October 15th total of 14,200 shares. Based on an average daily trading volume, of 97,100 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, Citigroup upgraded DNB Bank ASA to a “hold” rating in a report on Friday, October 11th.

DNB Bank ASA Stock Up 1.9 %

Shares of DNBBY stock traded up $0.39 during trading on Friday, reaching $20.73. The company’s stock had a trading volume of 113,222 shares, compared to its average volume of 68,683. DNB Bank ASA has a 1-year low of $17.40 and a 1-year high of $22.07. The stock’s 50-day moving average price is $20.58 and its 200 day moving average price is $20.06. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $32.14 billion, a price-to-earnings ratio of 8.16, a P/E/G ratio of 1.48 and a beta of 1.30.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.12. The company had revenue of $2.14 billion for the quarter. DNB Bank ASA had a return on equity of 14.70% and a net margin of 19.22%. On average, research analysts anticipate that DNB Bank ASA will post 2.53 EPS for the current year.

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.