Danske Bank (OTCMKTS:DNKEY) Short Interest Update

Danske Bank (OTCMKTS:DNKEY) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 49,809 shares, a drop of 41.0% from the April 15th total of 84,362 shares. Based on an average trading volume of 92,860 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.

Danske Bank Stock Performance

Shares of OTCMKTS DNKEY opened at $25.04 on Friday. The stock’s fifty day simple moving average is $25.25 and its 200 day simple moving average is $24.79. The stock has a market capitalization of $40.85 billion, a price-to-earnings ratio of 11.54 and a beta of 0.61. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 7.44. Danske Bank has a 52-week low of $18.86 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, beating the consensus estimate of $0.54 by $0.01. The business had revenue of $2.19 billion during 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, sell-side analysts forecast that Danske Bank will post 2.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays restated an “overweight” rating on shares of Danske Bank in a research report on Thursday, April 9th. Jefferies Financial Group reiterated a “hold” rating on shares of Danske Bank in a research report on Wednesday, April 8th. Citigroup restated a “buy” rating on shares of Danske Bank in a report on Wednesday, May 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a research note on Tuesday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.