Short Interest in Danske Bank (OTCMKTS:DNKEY) Drops By 41.0%

Danske Bank (OTCMKTS:DNKEY) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 49,809 shares, a decline of 41.0% from the April 15th total of 84,362 shares. Based on an average daily volume of 92,860 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company’s shares are sold short.

Danske Bank Stock Performance

Shares of DNKEY opened at $25.04 on Friday. The firm has a market cap of $40.85 billion, a price-to-earnings ratio of 11.54 and a beta of 0.61. The company’s fifty day moving average is $25.25 and its 200-day moving average is $24.79. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 7.44. Danske Bank has a 12 month low of $18.86 and a 12 month high of $27.61.

Danske Bank (OTCMKTS:DNKEY) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.01. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. Danske Bank had a net margin of 40.38% and a return on equity of 13.14%. Equities analysts expect that Danske Bank will post 2.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Morgan Stanley restated an “overweight” rating on shares of Danske Bank in a report on Tuesday. Barclays reissued an “overweight” rating on shares of Danske Bank in a research report on Thursday, April 9th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Danske Bank in a research note on Wednesday, April 8th. Finally, Citigroup reiterated a “buy” rating on shares of Danske Bank in a report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Danske Bank has an average rating of “Moderate Buy”.

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.