Danske Bank (OTCMKTS:DNKEY) Short Interest Up 85.0% in July

Key Points

• DANSKE BANK's short interest surged by 85.0% in July, reaching a total of 23,500 shares.
• Equity analysts maintain a generally positive outlook on DANSKE BANK, with three buy ratings and two strong buy ratings assigned to the stock.
• The bank reported earnings of $0.50 per share, exceeding the consensus estimate of $0.48, and forecasted an EPS of 1.84 for the current year.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 23,500 shares, anincreaseof85.0% from the July 15th total of 12,700 shares. Approximately0.0% of the shares of the company are sold short. Based on an average daily volume of 52,700 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 52,700 shares, the days-to-cover ratio is presently 0.4 days. Approximately0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

DNKEY has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Danske Bank in a research note on Tuesday, May 13th. Barclays raised shares of Danske Bank from a "strong sell" rating to a "strong-buy" rating in a report on Monday, June 2nd. Zacks Research cut shares of Danske Bank from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Finally, Citigroup restated a "buy" rating on shares of Danske Bank in a research report on Wednesday, May 21st. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy".

Danske Bank Stock Up 0.8%

Danske Bank stock traded up $0.1740 during midday trading on Friday, hitting $21.6140. 8,085 shares of the stock were exchanged, compared to its average volume of 39,654. Danske Bank has a 52-week low of $13.5030 and a 52-week high of $21.64. The stock has a market capitalization of $36.10 billion, a price-to-earnings ratio of 10.65 and a beta of 0.72. The business's 50-day moving average price is $20.42 and its 200-day moving average price is $18.47. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 7.82.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) last released 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 business had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $14.01 billion. Danske Bank had a net margin of 41.49% and a return on equity of 13.40%. On average, research analysts expect 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.