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

Danske Bank (OTCMKTS:DNKEY) saw a large drop in short interest in 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 company’s stock are short sold. Based on an average trading volume of 93,027 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

Several research firms recently commented on DNKEY. Zacks Research lowered shares of Danske Bank from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a research note on Tuesday, September 1st. Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a research note on Monday, October 12th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Danske Bank in a report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Danske Bank in a research report on Wednesday, September 16th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Danske Bank Trading Up 0.3%

OTCMKTS DNKEY opened at $25.92 on Tuesday. Danske Bank has a 12 month low of $21.91 and a 12 month high of $29.65. 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 stock’s fifty day moving average price is $27.85 and its 200-day moving average price is $26.75. The stock has a market cap of $42.29 billion, a P/E ratio of 11.70 and a beta of 0.63.

Danske Bank (OTCMKTS:DNKEY) last posted its quarterly earnings results on Thursday, October 29th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.06. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.19 billion. Danske Bank had a return on equity of 13.80% and a net margin of 40.85%. As a group, equities analysts forecast that Danske Bank will post 2.28 EPS for the current fiscal year.

About Danske Bank

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.