Danske Bank (OTCMKTS:DNKEY) Shares Shorted: Short Interest Down 41.1% in October

Danske Bank (OTCMKTS:DNKEY) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 43,143 shares, a drop of 41.1% from the September 30th total of 73,205 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 93,027 shares, the days-to-cover ratio is currently 0.5 days.

Danske Bank Stock Up 0.5%

Shares of DNKEY traded up $0.14 during trading hours on Monday, reaching $25.99. The stock had a trading volume of 75,020 shares, compared to its average volume of 55,113. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 8.09. The firm has a 50-day simple moving average of $27.91 and a 200 day simple moving average of $26.74. The company has a market capitalization of $42.41 billion, a price-to-earnings ratio of 11.06 and a beta of 0.63. Danske Bank has a 12 month low of $21.91 and a 12 month high of $29.65.

Danske Bank (OTCMKTS:DNKEY) last announced its quarterly earnings data on Thursday, October 29th. The financial services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.55 by $0.06. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.19 billion. Danske Bank had a net margin of 41.60% and a return on equity of 14.40%. Equities research analysts predict that Danske Bank will post 2.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DNKEY shares. Barclays cut shares of Danske Bank from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Danske Bank in a research note on Wednesday, September 16th. The Goldman Sachs Group restated a “neutral” rating on shares of Danske Bank in a report on Monday, July 20th. Citigroup restated a “buy” rating on shares of Danske Bank in a research report on Monday, October 12th. Finally, Zacks Research cut Danske Bank from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 25th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Danske Bank Company Profile

Danske Bank A/S is a Danish financial services group headquartered in Copenhagen. Founded in 1871, it is one of the largest banks in Denmark and provides banking and financial solutions to individuals, businesses, institutional clients and public-sector organizations.

The company’s services include personal and business banking, lending, deposits, payment services, credit cards, investment products, pension solutions and wealth management. Through its subsidiaries and related businesses, Danske Bank also provides mortgage financing, asset management, corporate finance, capital markets services and other investment banking products.

Danske Bank primarily serves customers across the Nordic region, with Denmark as its main market and operations and business activities in countries including Sweden, Norway and Finland.