Danske Bank (OTCMKTS:DNKEY) Sees Large Decline in Short Interest

Danske Bank (OTCMKTS:DNKEY) was the target of a significant decline in short interest in the month of 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 trading volume of 92,860 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a research note on Tuesday, May 12th. Jefferies Financial Group reiterated a “hold” rating on shares of Danske Bank in a research note on Wednesday, April 8th. Barclays reiterated an “overweight” rating on shares of Danske Bank in a research note on Thursday, April 9th. Finally, Citigroup reiterated a “buy” rating on shares of Danske Bank in a research note on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Danske Bank has a consensus rating of “Moderate Buy”.

Danske Bank Trading Up 1.0%

Shares of DNKEY stock traded up $0.24 on Monday, reaching $25.28. The company had a trading volume of 52,221 shares, compared to its average volume of 55,433. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 7.44. The stock has a market cap of $41.24 billion, a PE ratio of 11.65 and a beta of 0.61. The company has a 50-day moving average of $25.25 and a 200-day moving average of $24.81. Danske Bank has a 12 month low of $18.93 and a 12 month high of $27.61.

Danske Bank (OTCMKTS:DNKEY) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Danske Bank had a return on equity of 13.14% and a net margin of 40.38%.The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.21 billion. On average, equities analysts forecast that Danske Bank will post 2.32 earnings per share 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.