Danske Bank A/S (OTCMKTS:DNKEY) Short Interest Up 135.8% in May

Danske Bank A/S (OTCMKTS:DNKEY - Get Free Report) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 44,100 shares, an increase of 135.8% from the April 30th total of 18,700 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 51,100 shares, the days-to-cover ratio is presently 0.9 days.

Danske Bank A/S Trading Down 0.2%

Danske Bank A/S stock traded down $0.04 during midday trading on Friday, reaching $19.12. 35,218 shares of the stock traded hands, compared to its average volume of 44,324. Danske Bank A/S has a 12-month low of $13.50 and a 12-month high of $19.80. The firm has a market cap of $31.93 billion, a PE ratio of 9.56 and a beta of 0.77. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 7.47. The company has a 50-day simple moving average of $17.42 and a two-hundred day simple moving average of $16.15.

Danske Bank A/S (OTCMKTS:DNKEY - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.01). The company had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $13.86 billion. Danske Bank A/S had a return on equity of 13.35% and a net margin of 41.90%. Research analysts expect that Danske Bank A/S will post 1.84 earnings per share for the current fiscal year.

Danske Bank A/S Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 24th were issued a dividend of $0.7642 per share. This is an increase from Danske Bank A/S's previous dividend of $0.46. The ex-dividend date was Monday, March 24th. Danske Bank A/S's dividend payout ratio (DPR) is presently 74.75%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Morgan Stanley restated an "overweight" rating on shares of Danske Bank A/S in a research report on Friday, March 7th. Citigroup restated a "buy" rating on shares of Danske Bank A/S in a research note on Wednesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Danske Bank A/S in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Danske Bank A/S presently has an average rating of "Moderate Buy".

Danske Bank A/S Company Profile

Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients. The company offers insurance and pension products, mortgage finance and real-estate brokerage services, asset management and trading services in fixed income products, foreign exchange services, and equities.