Danske Bank (OTCMKTS:DNKEY) Sees Significant Increase in Short Interest

Danske Bank (OTCMKTS:DNKEY) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 143,686 shares, an increase of 372.0% from the June 30th total of 30,443 shares. Based on an average daily trading volume, of 256,773 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

DNKEY has been the subject of several recent research reports. Morgan Stanley restated an “overweight” rating on shares of Danske Bank in a report on Wednesday, June 24th. Citigroup restated a “buy” rating on shares of Danske Bank in a research note on Monday, July 6th. Barclays reissued an “overweight” rating on shares of Danske Bank in a research note on Thursday, April 9th. Jefferies Financial Group reissued a “hold” rating on shares of Danske Bank in a research report on Wednesday, April 8th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Danske Bank in a research report on Monday. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Danske Bank presently has a consensus rating of “Moderate Buy”.

Danske Bank Stock Down 0.4%

Shares of DNKEY opened at $27.20 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 7.90. The stock has a market capitalization of $44.38 billion, a PE ratio of 12.04 and a beta of 0.61. The firm’s 50 day moving average is $26.77 and its 200-day moving average is $25.96. Danske Bank has a 12 month low of $19.72 and a 12 month high of $28.85.

Danske Bank (OTCMKTS:DNKEY) last posted its quarterly earnings data on Friday, July 17th. The financial services provider reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.24 billion. Danske Bank had a return on equity of 13.66% and a net margin of 40.85%. Equities research analysts forecast that Danske Bank will post 2.26 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.