DANSKE BANK (OTCMKTS:DNKEY) Short Interest Up 116.1% in September

DANSKE BANK (OTCMKTS:DNKEY) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 24,200 shares, an increase of 116.1% from the September 15th total of 11,200 shares. Based on an average trading volume of 200,300 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 200,300 shares, the days-to-cover ratio is presently 0.1 days.

DANSKE BANK Price Performance

Shares of DANSKE BANK stock opened at $21.34 on Tuesday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 7.82. DANSKE BANK has a twelve month low of $13.50 and a twelve month high of $21.93. The business has a 50-day moving average price of $21.06 and a 200 day moving average price of $19.73. The firm has a market cap of $35.64 billion, a PE ratio of 10.51 and a beta of 0.73.

DANSKE BANK (OTCMKTS:DNKEY) last announced its quarterly earnings results on Friday, July 18th. The financial services provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. DANSKE BANK had a return on equity of 13.40% and a net margin of 41.49%.The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $14.01 billion. Sell-side analysts predict that DANSKE BANK will post 1.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on DNKEY. Morgan Stanley reaffirmed an “overweight” rating on shares of DANSKE BANK in a research report on Tuesday, September 2nd. Citigroup reissued a “buy” rating on shares of DANSKE BANK in a report on Tuesday, October 14th. Finally, Zacks Research cut DANSKE BANK from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy”.

DANSKE BANK Company Profile

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.