Danske Bank (OTCMKTS:DNKEY) Short Interest Update

Danske Bank (OTCMKTS:DNKEY) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 63,795 shares, a growth of 229.6% from the August 15th total of 19,355 shares. Based on an average trading volume of 117,910 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

Danske Bank Stock Performance

DNKEY traded up $0.33 on Friday, hitting $29.46. The company’s stock had a trading volume of 18,371 shares, compared to its average volume of 44,401. Danske Bank has a 12 month low of $20.65 and a 12 month high of $29.65. The firm has a market cap of $48.07 billion, a P/E ratio of 13.04 and a beta of 0.62. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 8.09. The company’s 50 day simple moving average is $28.62 and its 200-day simple moving average is $26.71.

Danske Bank (OTCMKTS:DNKEY) last issued its earnings results on Friday, July 17th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Danske Bank had a net margin of 40.85% and a return on equity of 13.80%. Analysts forecast that Danske Bank will post 2.31 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DNKEY shares. Zacks Research upgraded shares of Danske Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Danske Bank in a report on Thursday, July 30th. Citigroup reissued a “buy” rating on shares of Danske Bank in a research report on Monday, July 6th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Danske Bank in a research report on Monday, July 20th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Danske Bank Company Profile

Danske Bank A/S is a Danish financial services group that provides banking and related financial products to personal, business and institutional customers. Its offerings include deposit accounts, consumer and commercial lending, payment services, cards, investment products, wealth management and corporate finance.

The bank also provides mortgage financing in Denmark through Realkredit Danmark, its mortgage subsidiary. For business and institutional clients, Danske Bank offers transaction banking, cash management, capital markets, investment banking and asset management services.

Founded in 1871 as Den Danske Landmandsbank, the company has developed into one of the largest banks in Denmark, with a broader Nordic focus.