DNB Bank ASA (OTCMKTS:DNBBY) Sees Significant Growth in Short Interest

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 5,000 shares, agrowthof85.2% from the July 31st total of 2,700 shares. Based on an average daily volume of 58,700 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 58,700 shares, the short-interest ratio is currently 0.1 days.Analysts Set New Price TargetsSeveral brokerages have recently weighed in on DNBBY. Barclays cut shares of DNB Bank ASA from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 2nd. Morgan Stanley reiterated an "underweight" rating on shares of DNB Bank ASA in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of DNB Bank ASA in a research note on Tuesday, May 13th. Finally, Citigroup restated a "neutral" rating on shares of DNB Bank ASA in a research note on Wednesday, May 21st. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, DNB Bank ASA has an average rating of "Reduce".Get Our Latest Report on DNBBYDNB Bank ASA Trading Up 1.0%DNBBY stock opened at $26.19 on Friday. The firm has a fifty day moving average price of $26.27 and a 200 day moving average price of $25.79. DNB Bank ASA has a fifty-two week low of $19.20 and a fifty-two week high of $28.85. The company has a debt-to-equity ratio of 3.74, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market cap of $40.60 billion, a PE ratio of 9.45 and a beta of 0.98. DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) last posted its earnings results on Friday, July 11th. The company reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.04). DNB Bank ASA had a net margin of 21.24% and a return on equity of 15.72%. The business had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $23.05 billion. Sell-side analysts anticipate that DNB Bank ASA will post 2.43 earnings per share for the current fiscal year. About DNB Bank ASA (Get Free Report)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.Read MoreFive stocks we like better than DNB Bank ASA3 Tickers Leading a Meme Stock RevivalHere's What Separates Oklo From the Rest of the Nuclear Startups 3 Home Improvement Stocks that Can Upgrade Your PortfolioWhy Marvell’s 19% Drop Could Be a Big Buy-the-Dip OpportunityWhat Does a Stock Split Mean? Daqo New Energy: Solar Monopoly Launches $100M BuybackThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in DNB Bank ASA Right Now?Before you consider DNB Bank ASA, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DNB Bank ASA wasn't on the list.While DNB Bank ASA currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here