Short Interest in Danske Bank A/S (OTCMKTS:DNKEY) Decreases By 65.7%

Danske Bank A/S (OTCMKTS:DNKEY – Get Rating) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 3,600 shares, a decrease of 65.7% from the April 30th total of 10,500 shares. Based on an average trading volume of 179,900 shares, the days-to-cover ratio is presently 0.0 days.

OTCMKTS:DNKEY opened at $7.99 on Thursday. The stock has a fifty day moving average price of $8.14 and a two-hundred day moving average price of $8.64. The stock has a market capitalization of $13.78 billion, a price-to-earnings ratio of 7.20 and a beta of 0.92. The company has a debt-to-equity ratio of 7.58, a quick ratio of 1.75 and a current ratio of 1.75. Danske Bank A/S has a 1 year low of $7.08 and a 1 year high of $10.30.

The firm also recently disclosed a dividend, which was paid on Tuesday, March 29th. Shareholders of record on Monday, March 21st were given a $0.0996 dividend. This represents a yield of 1.19%. The ex-dividend date was Friday, March 18th. Danske Bank A/S’s payout ratio is 9.01%.

Several equities research analysts have recently weighed in on DNKEY shares. Deutsche Bank Aktiengesellschaft decreased their price objective on Danske Bank A/S from 135.00 to 126.00 and set a “hold” rating for the company in a report on Wednesday, April 6th. Nordea Equity Research raised Danske Bank A/S to a “hold” rating in a report on Tuesday, March 15th. Societe Generale upped their price target on Danske Bank A/S from 114.00 to 120.00 and gave the stock a “hold” rating in a research note on Monday, February 7th. JPMorgan Chase & Co. upped their price target on Danske Bank A/S from 100.00 to 105.00 in a research note on Wednesday, May 11th. Finally, UBS Group upped their price target on Danske Bank A/S from 157.00 to 160.00 in a research note on Monday, February 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $120.50.

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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