Danske Bank (OTCMKTS:DNKEY) Sees Significant Decrease in Short Interest

Danske Bank (OTCMKTS:DNKEY – Get Free Report) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 31,401 shares, a drop of 37.0% from the April 30th total of 49,809 shares. Based on an average daily volume of 91,196 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DNKEY. Morgan Stanley reissued an “overweight” rating on shares of Danske Bank in a report on Tuesday, May 12th. Jefferies Financial Group reissued a “hold” rating on shares of Danske Bank in a report on Wednesday, April 8th. Citigroup reissued a “buy” rating on shares of Danske Bank in a report on Wednesday, May 6th. Finally, Barclays reissued an “overweight” rating on shares of Danske Bank in a report on Thursday, April 9th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Danske Bank currently has an average rating of “Moderate Buy”.

Get Danske Bank alerts:

Check Out Our Latest Stock Report on DNKEY

Danske Bank Stock Performance

Shares of Danske Bank stock opened at $25.78 on Friday. The firm’s fifty day simple moving average is $25.55 and its 200-day simple moving average is $25.13. The stock has a market capitalization of $42.06 billion, a price-to-earnings ratio of 11.88 and a beta of 0.60. Danske Bank has a 12 month low of $19.37 and a 12 month high of $27.61. The company has a debt-to-equity ratio of 7.44, a current ratio of 1.81 and a quick ratio of 1.81.

Danske Bank (OTCMKTS:DNKEY – Get Free Report) last announced its earnings results on Thursday, April 30th. The financial services provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Danske Bank had a net margin of 40.38% and a return on equity of 13.14%. As a group, equities analysts forecast that Danske Bank will post 2.32 earnings per share for the current year.

About Danske Bank

(Get Free Report)

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.

Featured Stories

• Five stocks we like better than Danske Bank
• The Great AI Server Rotation Puts Hewlett Packard Enterprise and Super Micro Computer in Focus
• Generac’s AI Power Pivot Raises a Bigger Question About Data Center Demand
• Medtronic Bottoms, Healthy Rebound Ahead
• GitLab’s Price Recovery Gains Traction—Time to Get On Board?

Receive News & Ratings for Danske Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Danske Bank and related companies with MarketBeat.com's FREE daily email newsletter.