Danske Bank (OTCMKTS:DNKEY) Short Interest Update

Danske Bank (OTCMKTS:DNKEY) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 29,488 shares, a drop of 22.5% from the November 30th total of 38,052 shares. Based on an average trading volume of 66,946 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 66,946 shares, the short-interest ratio is presently 0.4 days.

Danske Bank Stock Down 0.3%

Danske Bank stock opened at $24.79 on Tuesday. Danske Bank has a fifty-two week low of $13.93 and a fifty-two week high of $25.50. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.76 and a current ratio of 1.76. The firm’s 50-day simple moving average is $23.12 and its 200 day simple moving average is $21.55. The stock has a market cap of $41.40 billion, a PE ratio of 12.27 and a beta of 0.61.

Danske Bank (OTCMKTS:DNKEY) last posted its earnings results on Friday, October 31st. The financial services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. Danske Bank had a net margin of 40.42% and a return on equity of 13.01%. The firm had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Research analysts predict that Danske Bank will post 1.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Danske Bank in a report on Monday, November 3rd. Barclays reiterated an “overweight” rating on shares of Danske Bank in a report on Wednesday, December 10th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Danske Bank in a research report on Monday, November 24th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

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.