Danske Bank (OTCMKTS:DNKEY) Short Interest Up 372.0% in July

Danske Bank (OTCMKTS:DNKEY) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 143,686 shares, a growth of 372.0% from the June 30th total of 30,443 shares. Based on an average daily volume of 256,773 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DNKEY shares. Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a research report on Wednesday, June 24th. Citigroup restated a “buy” rating on shares of Danske Bank in a research report on Monday, July 6th. Barclays restated an “overweight” rating on shares of Danske Bank in a research note on Thursday, April 9th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Danske Bank in a report on Wednesday, April 8th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Danske Bank in a research note on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Danske Bank Stock Performance

Shares of OTCMKTS DNKEY opened at $27.20 on Monday. The firm has a 50 day moving average price of $26.77 and a two-hundred day moving average price of $25.96. The stock has a market cap of $44.38 billion, a P/E ratio of 12.04 and a beta of 0.61. Danske Bank has a 52-week low of $19.72 and a 52-week high of $28.85. The company has a debt-to-equity ratio of 7.90, a quick ratio of 1.73 and a current ratio of 1.73.

Danske Bank (OTCMKTS:DNKEY) last issued its quarterly earnings results on Friday, July 17th. The financial services provider reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. Danske Bank had a net margin of 40.85% and a return on equity of 13.66%. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.24 billion. As a group, equities analysts forecast that Danske Bank will post 2.26 EPS 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.