Danske Bank (OTCMKTS:DNKEY) Short Interest Up 71.6% in May

Danske Bank (OTCMKTS:DNKEY) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 53,873 shares, a growth of 71.6% from the May 14th total of 31,401 shares. Based on an average trading volume of 129,858 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Morgan Stanley restated an “overweight” rating on shares of Danske Bank in a research note on Tuesday, May 12th. Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a research report on Wednesday, May 6th. Barclays reaffirmed an “overweight” rating on shares of Danske Bank in a research report on Thursday, April 9th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Danske Bank in a research report on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Danske Bank presently has an average rating of “Moderate Buy”.

Danske Bank Price Performance

Shares of Danske Bank stock opened at $26.29 on Monday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 7.44. The firm has a market cap of $42.89 billion, a P/E ratio of 12.11 and a beta of 0.60. Danske Bank has a fifty-two week low of $19.37 and a fifty-two week high of $27.61. The business has a 50-day moving average price of $25.67 and a 200 day moving average price of $25.28.

Danske Bank (OTCMKTS:DNKEY) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. Danske Bank had a return on equity of 13.14% and a net margin of 40.38%. On average, sell-side analysts forecast that Danske Bank will post 2.26 earnings per share for the current fiscal year.

Danske Bank Company Profile

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.