Short Interest in Danske Bank (OTCMKTS:DNKEY) Expands By 71.6%

Danske Bank (OTCMKTS:DNKEY) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 53,873 shares, a growth of 71.6% from the May 14th total of 31,401 shares. Based on an average trading volume of 129,858 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are sold short.

Danske Bank Stock Performance

Shares of DNKEY stock opened at $26.73 on Wednesday. The company has a debt-to-equity ratio of 7.44, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market capitalization of $43.61 billion, a P/E ratio of 12.32 and a beta of 0.60. The company’s 50 day moving average price is $25.75 and its two-hundred day moving average price is $25.33. Danske Bank has a 52 week low of $19.37 and a 52 week high of $27.61.

Danske Bank (OTCMKTS:DNKEY) last announced its earnings results on Thursday, April 30th. The financial services provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.21 billion. Danske Bank had a net margin of 40.38% and a return on equity of 13.14%. On average, analysts expect that Danske Bank will post 2.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Citigroup reissued a “buy” rating on shares of Danske Bank in a research note on Wednesday, May 6th. Barclays restated an “overweight” rating on shares of Danske Bank in a report on Thursday, April 9th. Jefferies Financial Group restated a “hold” rating on shares of Danske Bank in a report on Wednesday, April 8th. Finally, Morgan Stanley restated an “overweight” rating on shares of Danske Bank in a report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Danske Bank presently has an average rating of “Moderate Buy”.

Danske Bank Company Profile

Danske Bank A/S is a major Danish banking group headquartered in Copenhagen. The firm traces its origins to the 19th century and has grown through mergers and organic expansion into one of the region’s largest financial institutions. Its shares are primarily listed on Nasdaq Copenhagen, and American investors may encounter the bank’s ADR trading on the U.S. over-the-counter market under the symbol DNKEY.

The bank provides a broad range of financial products and services across retail, commercial and institutional segments.