Short Interest in DNB Bank ASA (OTCMKTS:DNBBY) Increases By 908.3%

DNB Bank ASA (OTCMKTS:DNBBY) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 72,600 shares, a growth of 908.3% from the May 31st total of 7,200 shares. Based on an average daily trading volume, of 130,300 shares, the days-to-cover ratio is presently 0.6 days.

DNB Bank ASA Stock Performance

Shares of DNBBY traded down $0.45 during midday trading on Thursday, reaching $19.43. 182,361 shares of the stock were exchanged, compared to its average volume of 63,873. DNB Bank ASA has a 52 week low of $17.40 and a 52 week high of $21.32. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.47 and a quick ratio of 1.47. The company’s 50 day moving average is $19.10 and its two-hundred day moving average is $19.75.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its quarterly earnings data on Monday, April 22nd. The company reported $0.62 earnings per share (EPS) for the quarter. DNB Bank ASA had a net margin of 19.47% and a return on equity of 14.03%. The company had revenue of $1.94 billion for the quarter. As a group, sell-side analysts expect that DNB Bank ASA will post 2.28 EPS for the current year.

DNB Bank ASA Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, May 2nd were issued a dividend of $1.5339 per share. This is a boost from DNB Bank ASA’s previous dividend of $1.00. The ex-dividend date of this dividend was Wednesday, May 1st. DNB Bank ASA’s dividend payout ratio is currently 45.92%.

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.