Danske Bank (OTCMKTS:DNKEY – Get Free Report) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 43,143 shares, a decline of 41.1% from the September 30th total of 73,205 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 93,027 shares, the short-interest ratio is currently 0.5 days.
Danske Bank Stock Down 3.0%
OTCMKTS:DNKEY traded down $0.81 during midday trading on Friday, hitting $25.85. 41,653 shares of the company were exchanged, compared to its average volume of 58,021. Danske Bank has a fifty-two week low of $21.91 and a fifty-two week high of $29.65. The company has a market capitalization of $42.18 billion, a PE ratio of 11.00 and a beta of 0.63. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 8.09. The company has a fifty day simple moving average of $27.91 and a 200 day simple moving average of $26.74.
Danske Bank (OTCMKTS:DNKEY – Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.06. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.19 billion. Danske Bank had a net margin of 41.60% and a return on equity of 14.40%. As a group, equities analysts anticipate that Danske Bank will post 2.28 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts recently commented on DNKEY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Danske Bank in a research note on Wednesday, September 16th. Zacks Research cut Danske Bank from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a research report on Monday, October 12th. Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a report on Tuesday, September 1st. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Danske Bank in a research report on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Danske Bank currently has an average rating of “Hold”.
View Our Latest Research Report on Danske Bank
About Danske Bank
Danske Bank A/S is a Danish financial services group headquartered in Copenhagen. Founded in 1871, it is one of the largest banks in Denmark and provides banking and financial solutions to individuals, businesses, institutional clients and public-sector organizations.
The company’s services include personal and business banking, lending, deposits, payment services, credit cards, investment products, pension solutions and wealth management. Through its subsidiaries and related businesses, Danske Bank also provides mortgage financing, asset management, corporate finance, capital markets services and other investment banking products.
Danske Bank primarily serves customers across the Nordic region, with Denmark as its main market and operations and business activities in countries including Sweden, Norway and Finland.
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