Danske Bank (OTCMKTS:DNKEY) Short Interest Update

Danske Bank (OTCMKTS:DNKEY) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 53,873 shares, a growth of 71.6% from the May 14th total of 31,401 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 129,858 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DNKEY. Barclays reaffirmed an “overweight” rating on shares of Danske Bank in a research note on Thursday, April 9th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Danske Bank in a research note on Wednesday, April 8th. Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a research note on Wednesday, May 6th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Danske Bank in a research note on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Danske Bank Stock Up 1.2%

OTCMKTS:DNKEY traded up $0.31 during mid-day trading on Tuesday, hitting $26.73. 20,796 shares of the company’s stock were exchanged, compared to its average volume of 55,031. The business has a fifty day moving average price of $25.71 and a 200 day moving average price of $25.30. The company has a market cap of $43.61 billion, a PE ratio of 12.32 and a beta of 0.60. Danske Bank has a one year low of $19.37 and a one year high of $27.61. The company has a debt-to-equity ratio of 7.44, a current ratio of 1.81 and a quick ratio of 1.81.

Danske Bank (OTCMKTS:DNKEY) last issued its earnings results on Thursday, April 30th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.01. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.21 billion. Danske Bank had a net margin of 40.38% and a return on equity of 13.14%. Equities analysts predict that Danske Bank will post 2.26 EPS for the current year.

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.