Danske Bank A/S (OTCMKTS:DNKEY) Short Interest Up 80.5% in March

Danske Bank A/S (OTCMKTS:DNKEYGet Rating) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 61,200 shares, a growth of 80.5% from the March 15th total of 33,900 shares. Based on an average daily trading volume, of 71,600 shares, the short-interest ratio is presently 0.9 days.

Shares of DNKEY traded down $0.03 during mid-day trading on Friday, reaching $8.31. The company had a trading volume of 16,306 shares, compared to its average volume of 33,697. Danske Bank A/S has a 52-week low of $7.08 and a 52-week high of $10.30. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 7.58. The stock has a market capitalization of $14.33 billion, a P/E ratio of 7.23 and a beta of 0.94. The stock has a 50 day moving average of $8.67 and a two-hundred day moving average of $8.79.

Danske Bank A/S (OTCMKTS:DNKEYGet Rating) last issued its earnings results on Thursday, February 3rd. The financial services provider reported $0.32 EPS for the quarter. Danske Bank A/S had a return on equity of 7.33% and a net margin of 30.26%. The firm had revenue of $1.70 billion for the quarter.

The business also recently announced a dividend, which was paid on Tuesday, March 29th. Stockholders of record on Monday, March 21st were paid a $0.0996 dividend. The ex-dividend date of this dividend was Friday, March 18th. This represents a dividend yield of 1.19%. Danske Bank A/S’s payout ratio is 8.70%.

Several analysts have weighed in on the company. Societe Generale boosted their price target on Danske Bank A/S from 114.00 to 120.00 and gave the company a “hold” rating in a research note on Monday, February 7th. UBS Group boosted their price target on Danske Bank A/S from 157.00 to 160.00 in a research note on Monday, February 7th. JPMorgan Chase & Co. dropped their price target on Danske Bank A/S from 120.00 to 100.00 and set a “neutral” rating on the stock in a research note on Monday, March 14th. Barclays dropped their price target on Danske Bank A/S from 100.00 to 95.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 6th. Finally, Credit Suisse Group boosted their price target on Danske Bank A/S from 105.00 to 110.00 and gave the company an “underperform” rating in a research note on Friday, February 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $118.50.

About Danske Bank A/S (Get Rating)

Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients. The company offers corporate finance services, investment and debt capital markets products, merger and acquisition advisory services, equity and loan capital markets services, international payments, cash management, credit transfer, and supply chain and trade finance services.

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