DANSKE BANK (OTCMKTS:DNKEY) Sees Large Growth in Short Interest

Key Points

• DANSKE BANK (OTCMKTS:DNKEY) experienced a significant increase in short interest, rising by 527.8% to 33,900 shares by August 31st, based on a trading volume of 62,400 shares.
• Wall Street analysts are generally optimistic, with two analysts rating the stock as Strong Buy, three as Buy, and two as Hold, leading to an average rating of "Buy".
• The company recently reported a quarterly earnings per share (EPS) of $0.50, exceeding expectations, and is anticipated to post an EPS of 1.84 for the current fiscal year.

DANSKE BANK (OTCMKTS:DNKEY - Get Free Report) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 33,900 shares, an increase of 527.8% from the August 15th total of 5,400 shares. Based on an average trading volume of 62,400 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company's shares are sold short. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 62,400 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Morgan Stanley restated an "overweight" rating on shares of DANSKE BANK in a report on Tuesday, September 2nd. Barclays raised DANSKE BANK from a "strong sell" rating to a "strong-buy" rating in a research note on Monday, June 2nd. Citigroup reiterated a "buy" rating on shares of DANSKE BANK in a report on Wednesday, May 21st. Finally, Zacks Research cut DANSKE BANK from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy".

DANSKE BANK Stock Up 0.3%

Shares of OTCMKTS:DNKEY traded up $0.06 during trading on Thursday, hitting $20.69. The stock had a trading volume of 25,148 shares, compared to its average volume of 39,698. The company has a market capitalization of $34.55 billion, a PE ratio of 10.19 and a beta of 0.77. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 7.82. The firm's fifty day moving average is $20.58 and its 200 day moving average is $18.91. DANSKE BANK has a 12 month low of $13.50 and a 12 month high of $21.91.

DANSKE BANK (OTCMKTS:DNKEY - Get Free Report) last issued its quarterly earnings results on Friday, July 18th. The financial services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The company had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $14.01 billion. DANSKE BANK had a return on equity of 13.40% and a net margin of 41.49%. Analysts anticipate that DANSKE BANK will post 1.84 EPS for the current fiscal year.

DANSKE BANK 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.

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