Danske Bank (OTCMKTS:DNKEY) Short Interest Update

Key Points

• Danske Bank experienced a 116.1% increase in short interest during September, rising from 11,200 to 24,200 shares as of September 30th, resulting in a days-to-cover ratio of 0.1 days.
• Analyst ratings for Danske Bank show a consensus of "Buy", with one analyst recommending a Strong Buy and three assigning a Buy rating, while Zacks Research lowered its rating to Hold.
• As of recent trading, shares of Danske Bank were down 0.1% to $21.39, with a market cap of $35.73 billion and a reported earnings per share of $0.50 exceeding estimates.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 24,200 shares, an increase of 116.1% from the September 15th total of 11,200 shares. Based on an average daily volume of 200,300 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 200,300 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

DNKEY has been the subject of several research analyst reports. Zacks Research lowered shares of Danske Bank from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Citigroup reissued a "buy" rating on shares of Danske Bank in a research note on Tuesday, October 14th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Danske Bank in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Danske Bank currently has a consensus rating of "Buy".

Danske Bank Trading Down 0.1%

Shares of OTCMKTS DNKEY traded down $0.03 during mid-day trading on Monday, hitting $21.39. The stock had a trading volume of 4,774 shares, compared to its average volume of 41,760. The firm has a market cap of $35.73 billion, a P/E ratio of 10.54 and a beta of 0.73. The business has a 50 day moving average price of $21.05 and a two-hundred day moving average price of $19.68. Danske Bank has a 1 year low of $13.50 and a 1 year high of $21.93. The company has a debt-to-equity ratio of 7.82, a quick ratio of 1.80 and a current ratio of 1.80.

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, beating the consensus estimate of $0.48 by $0.02. Danske Bank had a net margin of 41.49% and a return on equity of 13.40%. The business had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $14.01 billion. On average, equities analysts anticipate that Danske Bank will post 1.84 EPS for the current fiscal year.

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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