Short Interest in DNB Bank ASA (OTCMKTS:DNBBY) Declines By 66.8%

DNB Bank ASA (OTCMKTS:DNBBY) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 8,197 shares, a decrease of 66.8% from the June 30th total of 24,672 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 78,978 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DNBBY shares. Nordea Equity Research raised shares of DNB Bank ASA to a “buy” rating in a research note on Thursday, April 9th. The Goldman Sachs Group downgraded shares of DNB Bank ASA from a “hold” rating to a “sell” rating in a research note on Monday, July 20th. Citigroup reiterated a “neutral” rating on shares of DNB Bank ASA in a report on Wednesday, July 8th. Barclays raised shares of DNB Bank ASA from a “hold” rating to an “overweight” rating in a research report on Wednesday, April 8th. Finally, Zacks Research downgraded shares of DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

DNB Bank ASA Price Performance

Shares of OTCMKTS DNBBY opened at $31.23 on Friday. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.67 and a quick ratio of 1.67. The company has a market cap of $48.42 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 8.77 and a beta of 0.64. The stock’s 50-day moving average is $30.50 and its two-hundred day moving average is $30.38. DNB Bank ASA has a 1-year low of $24.93 and a 1-year high of $33.81.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its quarterly earnings data on Tuesday, July 14th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.03. DNB Bank ASA had a return on equity of 14.02% and a net margin of 21.34%.The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Analysts forecast that DNB Bank ASA will post 2.89 EPS for the current fiscal year.

About DNB Bank ASA

DNB Bank ASA (OTCMKTS: DNBBY) is Norway’s largest financial services group, offering a broad range of banking, insurance and capital markets services to retail, corporate and institutional clients. The bank’s core activities encompass retail and commercial banking, corporate and investment banking, asset management, life insurance and pension products, as well as payment and card services. DNB provides traditional deposit and lending products, mortgages, savings and wealth management solutions, securities trading, corporate finance and treasury services.

The group operates through several specialized business lines, including DNB Markets for investment banking and capital markets activities and DNB Asset Management for portfolio management and investment funds.