Short Interest in Danske Bank A/S (OTCMKTS:DNKEY) Expands By 135.8%

Danske Bank A/S (OTCMKTS:DNKEY) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 44,100 shares, an increase of 135.8% from the April 30th total of 18,700 shares. Based on an average trading volume of 51,100 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.0% of the shares of the company are short sold.

Danske Bank A/S Stock Performance

Shares of DNKEY stock opened at $19.12 on Friday. Danske Bank A/S has a 12 month low of $13.50 and a 12 month high of $19.80. The stock has a market cap of $31.93 billion, a PE ratio of 9.56 and a beta of 0.77. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 7.47. The company’s fifty day moving average price is $17.42 and its 200-day moving average price is $16.13.

Danske Bank A/S (OTCMKTS:DNKEY) last posted its quarterly earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $13.86 billion. Danske Bank A/S had a return on equity of 13.35% and a net margin of 41.90%. On average, equities analysts expect that Danske Bank A/S will post 1.84 EPS for the current fiscal year.

Danske Bank A/S Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 24th were given a dividend of $0.7642 per share. This is an increase from Danske Bank A/S’s previous dividend of $0.46. The ex-dividend date of this dividend was Monday, March 24th. Danske Bank A/S’s dividend payout ratio is 74.75%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Citigroup reiterated a “buy” rating on shares of Danske Bank A/S in a research note on Wednesday, May 21st. Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank A/S in a research note on Friday, March 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Danske Bank A/S in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

About Danske Bank A/S

Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients. The company offers insurance and pension products, mortgage finance and real-estate brokerage services, asset management and trading services in fixed income products, foreign exchange services, and equities.