DANSKE BANK (OTCMKTS:DNKEY) Short Interest Update

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 recipient of a significant increase in short interest in 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. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 62,400 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 62,400 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the company are short sold.

DANSKE BANK Stock Performance

DNKEY traded down $0.12 during midday trading on Tuesday, reaching $20.97. The company had a trading volume of 24,424 shares, compared to its average volume of 36,504. 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 business has a 50-day moving average of $20.61 and a two-hundred day moving average of $19.03. The company has a market cap of $35.02 billion, a P/E ratio of 10.33 and a beta of 0.77. DANSKE BANK has a 1 year low of $13.50 and a 1 year 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 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. The business had revenue of $2.17 billion during 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%. As a group, equities research analysts predict that DANSKE BANK will post 1.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DNKEY has been the topic of a number of research analyst reports. Barclays raised DANSKE BANK from a "strong sell" rating to a "strong-buy" rating in a report on Monday, June 2nd. Zacks Research downgraded DANSKE BANK from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Morgan Stanley reissued an "overweight" rating on shares of DANSKE BANK in a report on Tuesday, September 2nd. Finally, Citigroup reissued a "buy" rating on shares of DANSKE BANK in a report on Wednesday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy".

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.