DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Up 116.7% in April

DNB Bank ASA (OTCMKTS:DNBBY) was the target of a large increase in short interest during the month of 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 trading volume, of 150,100 shares, the days-to-cover ratio is currently 0.0 days.

DNB Bank ASA Stock Down 1.2 %

OTCMKTS DNBBY traded down $0.23 during trading hours on Friday, reaching $18.82. The company’s stock had a trading volume of 106,469 shares, compared to its average volume of 75,657. The firm has a fifty day simple moving average of $19.85 and a 200-day simple moving average of $19.65. DNB Bank ASA has a 52 week low of $16.34 and a 52 week high of $21.32. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 3.53.

DNB Bank ASA (OTCMKTS:DNBBY) last issued 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 14.53%. The business had revenue of $1.94 billion during the quarter. On average, equities analysts anticipate that DNB Bank ASA will post 2.29 earnings per share for the current year.

DNB Bank ASA Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, May 2nd will be issued a dividend of $1.5339 per share. 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 presently 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.