DNB Bank ASA (OTCMKTS:DNBBY) Sees Large Growth in Short Interest

DNB Bank ASA (OTCMKTS:DNBBY) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 7,000 shares, an increase of 337.5% from the December 31st total of 1,600 shares. Based on an average daily volume of 190,200 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

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

DNB Bank ASA Price Performance

Shares of DNB Bank ASA stock traded down $0.08 on Tuesday, reaching $21.65. The company’s stock had a trading volume of 52,768 shares, compared to its average volume of 75,110. The company has a market capitalization of $32.31 billion, a P/E ratio of 8.52, a PEG ratio of 1.75 and a beta of 1.30. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 3.49. DNB Bank ASA has a 52-week low of $17.40 and a 52-week high of $22.07. The stock has a 50-day moving average price of $20.52 and a 200-day moving average price of $20.53.

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.