DANSKE BANK (OTCMKTS:DNKEY) Short Interest Down 67.0% in September

Key Points

• DANSKE BANK's short interest decreased by 67.0% in September, dropping from 33,900 shares to 11,200 shares as of September 15th.
• The bank reported $0.50 earnings per share for the last quarter, exceeding analysts' expectations of $0.48, with a net margin of 41.49%.
• Analyst ratings show a consensus of "Buy" for DANSKE BANK, with two analysts giving a Strong Buy rating, three a Buy rating, and one a Hold rating.

DANSKE BANK (OTCMKTS:DNKEY - Get Free Report) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 11,200 shares, a decrease of 67.0% from the August 31st total of 33,900 shares. Based on an average daily trading volume, of 89,600 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 89,600 shares, the days-to-cover ratio is presently 0.1 days.

Danske Bank Price Performance

OTCMKTS:DNKEY opened at $21.63 on Thursday. The company has a debt-to-equity ratio of 7.82, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a fifty day moving average of $20.84 and a 200 day moving average of $19.32. The firm has a market capitalization of $36.12 billion, a price-to-earnings ratio of 10.66 and a beta of 0.73. DANSKE BANK has a 52-week low of $13.50 and a 52-week high of $21.93.

DANSKE BANK (OTCMKTS:DNKEY - Get Free Report) last announced its earnings results on Friday, July 18th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. DANSKE BANK had a return on equity of 13.40% and a net margin of 41.49%.The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $14.01 billion. On average, research analysts expect that DANSKE BANK will post 1.84 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on DNKEY. Morgan Stanley reissued an "overweight" rating on shares of DANSKE BANK in a research report on Tuesday, September 2nd. Zacks Research lowered DANSKE BANK from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy".

About DANSKE BANK

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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