Short Interest in DNB Bank ASA (OTCMKTS:DNBBY) Drops By 60.3%

DNB Bank ASA (OTCMKTS:DNBBY) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 10,000 shares, a drop of 60.3% from the January 31st total of 25,200 shares. Based on an average trading volume of 2,370,000 shares, the short-interest ratio is currently 0.0 days.

DNB Bank ASA Price Performance

OTCMKTS:DNBBY traded up $0.08 during trading hours on Friday, reaching $22.94. 24,830 shares of the company’s stock were exchanged, compared to its average volume of 435,211. The company has a market capitalization of $34.24 billion, a P/E ratio of 8.40, a price-to-earnings-growth ratio of 8.45 and a beta of 1.30. DNB Bank ASA has a 12 month low of $17.40 and a 12 month high of $23.40. The company has a quick ratio of 1.42, a current ratio of 1.48 and a debt-to-equity ratio of 3.57. The business’s 50-day simple moving average is $21.12 and its two-hundred day simple moving average is $20.81.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its earnings results on Wednesday, February 5th. The company reported $0.74 earnings per share for the quarter, topping 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%. Sell-side analysts expect that DNB Bank ASA will post 2.43 EPS for the current fiscal year.

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.