Danske Bank (OTCMKTS:DNKEY) Short Interest Down 87.7% in July

Danske Bank (OTCMKTS:DNKEY) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 17,659 shares, a decline of 87.7% from the July 15th total of 143,686 shares. Based on an average daily trading volume, of 70,721 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

A number of research firms have commented on DNKEY. Citigroup reiterated a “buy” rating on shares of Danske Bank in a research note on Monday, July 6th. The Goldman Sachs Group restated a “neutral” rating on shares of Danske Bank in a research note on Monday, July 20th. Morgan Stanley reissued an “overweight” rating on shares of Danske Bank in a research report on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Danske Bank in a research note on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Danske Bank Price Performance

Shares of OTCMKTS:DNKEY opened at $28.73 on Wednesday. Danske Bank has a twelve month low of $20.16 and a twelve month high of $29.41. The company’s 50 day moving average is $27.42 and its 200 day moving average is $26.29. 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 company has a market cap of $46.88 billion, a PE ratio of 12.71 and a beta of 0.61.

Danske Bank (OTCMKTS:DNKEY) last announced its quarterly earnings data on Friday, July 17th. The financial services provider reported $0.59 EPS for the quarter, beating the consensus estimate of $0.56 by $0.03. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Danske Bank had a net margin of 40.85% and a return on equity of 13.80%. On average, sell-side analysts forecast that Danske Bank will post 2.29 EPS for the current 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.