Danske Bank (OTCMKTS:DNKEY) Sees Large Decrease in Short Interest

Danske Bank (OTCMKTS:DNKEY) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 31,401 shares, a decrease of 37.0% from the April 30th total of 49,809 shares. Based on an average daily trading volume, of 91,196 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

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

Danske Bank Trading Down 0.7%

DNKEY opened at $25.91 on Wednesday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 7.44. The firm has a market cap of $42.28 billion, a price-to-earnings ratio of 11.94 and a beta of 0.60. Danske Bank has a 12 month low of $19.37 and a 12 month high of $27.61. The stock has a fifty day moving average price of $25.47 and a 200-day moving average price of $25.08.

Danske Bank (OTCMKTS:DNKEY) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.21 billion. Danske Bank had a return on equity of 13.14% and a net margin of 40.38%. As a group, equities research analysts anticipate that Danske Bank will post 2.32 earnings per share for the current fiscal year.

About Danske Bank

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.