Short Interest in DNB Bank ASA (OTCMKTS:DNBBY) Expands By 337.5%

DNB Bank ASA (OTCMKTS:DNBBY) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 7,000 shares, a growth 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 raised DNB Bank ASA to a “hold” rating in a report on Friday, October 11th.

DNB Bank ASA Trading Down 0.1 %

Shares of DNBBY stock traded down $0.02 during mid-day trading on Thursday, hitting $21.63. The company’s stock had a trading volume of 47,685 shares, compared to its average volume of 67,318. DNB Bank ASA has a 52 week low of $17.40 and a 52 week high of $22.07. The company has a debt-to-equity ratio of 3.49, a quick ratio of 1.42 and a current ratio of 1.42. The company’s fifty day simple moving average is $20.54 and its 200-day simple moving average is $20.54. The company has a market cap of $32.28 billion, a PE ratio of 8.52, a P/E/G ratio of 1.75 and a beta of 1.30.

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.