Danske Bank A/S (OTCMKTS:DNKEY) Sees Large Drop in Short Interest

Danske Bank A/S (OTCMKTS:DNKEY - Get Free Report) was the target of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 14,500 shares, a decrease of 67.1% from the May 15th total of 44,100 shares. Based on an average daily trading volume, of 62,000 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company's shares are short sold.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DNKEY. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Danske Bank A/S in a report on Tuesday, May 13th. Citigroup reiterated a "buy" rating on shares of Danske Bank A/S in a report on Wednesday, May 21st. Morgan Stanley reiterated an "overweight" rating on shares of Danske Bank A/S in a report on Friday, March 7th. Finally, Barclays upgraded shares of Danske Bank A/S from a "strong sell" rating to a "strong-buy" rating in a report on Monday, June 2nd. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy".

Danske Bank A/S Stock Up 3.3%

Shares of OTCMKTS:DNKEY traded up $0.65 during trading on Monday, reaching $20.48. 11,480 shares of the stock traded hands, compared to its average volume of 42,814. The stock has a 50-day moving average of $18.29 and a two-hundred day moving average of $16.58. Danske Bank A/S has a 52-week low of $13.50 and a 52-week high of $20.49. The company has a debt-to-equity ratio of 7.47, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market cap of $34.20 billion, a P/E ratio of 10.24 and a beta of 0.77.

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

About Danske Bank A/S

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.