Short Interest in DNB Bank ASA (OTCMKTS:DNBBY) Rises By 116.7%

DNB Bank ASA (OTCMKTS:DNBBY) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 1,300 shares, an increase of 116.7% from the March 31st total of 600 shares. Based on an average daily volume of 150,100 shares, the days-to-cover ratio is currently 0.0 days.

DNB Bank ASA Stock Performance

Shares of DNB Bank ASA stock traded down $0.23 on Friday, hitting $18.82. 106,469 shares of the company’s stock traded hands, compared to its average volume of 75,657. The company has a debt-to-equity ratio of 3.53, a quick ratio of 1.49 and a current ratio of 1.49. The firm’s 50-day moving average is $19.85 and its 200 day moving average is $19.65. DNB Bank ASA has a 52-week low of $16.34 and a 52-week high of $21.32.

DNB Bank ASA (OTCMKTS:DNBBY) last posted its earnings results on Monday, April 22nd. The company reported $0.62 earnings per share (EPS) for the quarter. The company had revenue of $1.94 billion for the quarter. DNB Bank ASA had a return on equity of 14.53% and a net margin of 19.47%. As a group, equities analysts predict that DNB Bank ASA will post 2.29 EPS for the current fiscal year.

DNB Bank ASA Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, May 2nd will be given a $1.5339 dividend. This is a positive change from DNB Bank ASA’s previous dividend of $1.00. The ex-dividend date is Wednesday, May 1st. DNB Bank ASA’s dividend payout ratio (DPR) is 41.63%.

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.