Danske Bank (OTCMKTS:DNKEY – Get Free Report) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 63,795 shares, an increase of 229.6% from the August 15th total of 19,355 shares. Based on an average daily trading volume, of 117,910 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the company’s shares are short sold.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Zacks Research raised shares of Danske Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Danske Bank in a report on Thursday, July 30th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Danske Bank in a research report on Monday, July 20th. Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a research report on Tuesday, September 1st. Finally, Citigroup reissued a “buy” rating on shares of Danske Bank in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.
Read Our Latest Stock Report on DNKEY
Danske Bank Price Performance
Danske Bank (OTCMKTS:DNKEY – Get Free Report) last released its quarterly earnings data on Friday, July 17th. The financial services provider reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.03. Danske Bank had a return on equity of 13.80% and a net margin of 40.85%.The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.24 billion. As a group, sell-side analysts predict that Danske Bank will post 2.31 earnings per share for the current year.
Danske Bank Company Profile
Danske Bank A/S is a Danish financial services group that provides banking and related financial products to personal, business and institutional customers. Its offerings include deposit accounts, consumer and commercial lending, payment services, cards, investment products, wealth management and corporate finance.
The bank also provides mortgage financing in Denmark through Realkredit Danmark, its mortgage subsidiary. For business and institutional clients, Danske Bank offers transaction banking, cash management, capital markets, investment banking and asset management services.
Founded in 1871 as Den Danske Landmandsbank, the company has developed into one of the largest banks in Denmark, with a broader Nordic focus.
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