Short Interest in Danske Bank A/S (OTCMKTS:DNKEY) Rises By 270.0%

Danske Bank A/S (OTCMKTS:DNKEY) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 29,600 shares, an increase of 270.0% from the February 28th total of 8,000 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 64,000 shares, the days-to-cover ratio is presently 0.5 days.

Danske Bank A/S Price Performance

OTCMKTS DNKEY traded down $0.47 on Friday, hitting $16.95. The stock had a trading volume of 31,994 shares, compared to its average volume of 40,917. The firm has a 50-day moving average of $16.45 and a 200-day moving average of $15.28. The company has a market capitalization of $28.77 billion, a price-to-earnings ratio of 8.48 and a beta of 0.88. The company has a debt-to-equity ratio of 7.47, a quick ratio of 1.79 and a current ratio of 1.79. Danske Bank A/S has a 52-week low of $13.50 and a 52-week high of $18.20.

Danske Bank A/S (OTCMKTS:DNKEY) last issued its quarterly earnings data on Friday, February 7th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter. Danske Bank A/S had a return on equity of 13.35% and a net margin of 41.90%. Equities analysts expect that Danske Bank A/S will post 1.84 EPS for the current year.

Danske Bank A/S Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be issued a dividend of $0.7642 per share. This is a positive change from Danske Bank A/S’s previous dividend of $0.46. The ex-dividend date is Monday, March 24th. Danske Bank A/S’s payout ratio is presently 76.00%.

Analyst Ratings Changes

Separately, Morgan Stanley restated an “overweight” rating on shares of Danske Bank A/S in a research note on Friday, March 7th.

About Danske Bank A/S

Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients. The company offers insurance and pension products, mortgage finance and real-estate brokerage services, asset management and trading services in fixed income products, foreign exchange services, and equities.