Short Interest in Danske Bank (OTCMKTS:DNKEY) Declines By 58.8%

Danske Bank (OTCMKTS:DNKEY) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 22,190 shares, a decrease of 58.8% from the May 31st total of 53,873 shares. Based on an average daily trading volume, of 91,199 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

DNKEY has been the subject of several research analyst reports. Jefferies Financial Group restated a “hold” rating on shares of Danske Bank in a research note on Wednesday, April 8th. Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a report on Wednesday, May 6th. Barclays reissued an “overweight” rating on shares of Danske Bank in a research note on Thursday, April 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a research note on Wednesday, June 24th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Danske Bank Stock Performance

Danske Bank stock opened at $26.87 on Wednesday. The firm has a market capitalization of $43.84 billion, a P/E ratio of 12.38 and a beta of 0.60. The stock has a fifty day moving average price of $25.95 and a 200 day moving average price of $25.56. Danske Bank has a 52 week low of $19.68 and a 52 week high of $27.61. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 7.44.

Danske Bank (OTCMKTS:DNKEY) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. Danske Bank had a return on equity of 13.14% and a net margin of 40.38%.The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. Equities research analysts anticipate that Danske Bank will post 2.26 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.