Short Interest in DNB Bank ASA (OTCMKTS:DNBBY) Decreases By 89.5%

DNB Bank ASA (OTCMKTS:DNBBY) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 12,200 shares, a decrease of 89.5% from the March 15th total of 116,300 shares. Based on an average daily volume of 84,400 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DNBBY. Barclays restated an “overweight” rating on shares of DNB Bank ASA in a research note on Thursday, March 6th. Morgan Stanley reissued an “underweight” rating on shares of DNB Bank ASA in a research report on Friday, March 7th.

DNB Bank ASA Stock Performance

OTCMKTS DNBBY traded down $0.17 during trading hours on Wednesday, hitting $24.34. 472,912 shares of the company’s stock traded hands, compared to its average volume of 278,722. DNB Bank ASA has a 52 week low of $17.40 and a 52 week high of $26.96. The firm has a market capitalization of $36.33 billion, a P/E ratio of 8.92, a P/E/G ratio of 8.45 and a beta of 1.04. The company has a current ratio of 1.48, a quick ratio of 1.42 and a debt-to-equity ratio of 3.57. The business’s fifty day moving average price is $23.87 and its two-hundred day moving average price is $21.77.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.12. DNB Bank ASA had a net margin of 20.70% and a return on equity of 15.79%. Equities research analysts predict that DNB Bank ASA will post 2.43 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.