DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Update

DNB Bank ASA (OTCMKTS: DNBBY – Get a rating) recorded a significant increase in short-term interest in August. As of August 15, there was short interest totaling 82,400 shares, an increase of 21.4% from the July 31 total of 67,900 shares. Based on an average trading volume of 324,600 shares, the short-term interest rate ratio is currently 0.3 days.

DNB Bank ASA price performance

OTCMKTS DNBBY fell $0.49 on Friday, hitting $19.28. The company had a trading volume of 80,239 shares, compared to an average volume of 128,358. The company has a market capitalization of $29.89 billion, a price/earnings ratio of 10.59, a P/E ratio /G of 0.90 and a beta of 1.33. DNB Bank ASA has a fifty-two week low of $17.40 and a fifty-two week high of $25.91. The company has a 50-day moving average of $19.01 and a two-hundred-day moving average of $20.43.

Wall Street analysts predict growth

Several brokerages have recently published reports on DNBBY. Barclays raised its price target on DNB Bank ASA from 178.00 to 184.00 and gave the company an “underweight” rating in a Thursday May 12 research note. JPMorgan Chase & Co. raised its price target on DNB Bank ASA from 190.00 to 200.00 and gave the company a “neutral” rating in a Friday, May 6 research note. Deutsche Bank Aktiengesellschaft cut its price target on DNB Bank ASA from €247.00 ($252.04) to €241.00 ($245.92) and set a “buy” rating for the company in a memo. research from Monday August 1st. Finally, UBS Group upgraded shares of DNB Bank ASA from a “sell” rating to a “neutral” rating in a Tuesday, July 5 research report. One research analyst gave the stock a sell rating, four gave the company a hold rating and five gave the company a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $216.44.

DNB Bank ASA Company Profile

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DNB Bank ASA provides financial services to individuals and businesses in Norway and internationally. The Company offers personal banking products and services, including savings and investment products; loans, such as home loans and car and consumer loans; pet, home and property, travel and personal insurance products, as well as vehicle insurance products; retirement savings products; foreign exchange and treasury activities; and internet and mobile banking, as well as cards.

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