Danske Bank (OTCMKTS:DNKEY) Stock Short Interest Report for October

Key Points

• Short interest fell sharply: Danske Bank’s short interest declined 41.1% to 43,143 shares as of October 15, representing 0.0% of shares outstanding and a days-to-cover ratio of 0.5.
• Analyst sentiment is mixed: Three analysts rate the stock a Buy and four rate it a Hold, resulting in a consensus rating of Hold after Barclays and Zacks downgraded their views.
• Quarterly results exceeded expectations: Danske Bank reported $0.61 in quarterly EPS versus the $0.55 consensus estimate, while revenue matched expectations at $2.19 billion; shares later fell 3.0% to $25.85.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 43,143 shares, a drop of 41.1% from the September 30th total of 73,205 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 93,027 shares, the days-to-cover ratio is presently 0.5 days.

Analysts Set New Price Targets

DNKEY has been the subject of a number of research analyst reports. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Danske Bank in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Danske Bank in a research note on Wednesday, September 16th. Citigroup reissued a "buy" rating on shares of Danske Bank in a research report on Monday, October 12th. Barclays downgraded Danske Bank from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 9th. Finally, Zacks Research lowered shares of Danske Bank from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 25th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Danske Bank presently has a consensus rating of "Hold".

Danske Bank Stock Down 3.0%

DNKEY stock traded down $0.81 on Friday, hitting $25.85. 41,653 shares of the company's stock were exchanged, compared to its average volume of 58,021. The company has a debt-to-equity ratio of 8.09, a quick ratio of 1.76 and a current ratio of 1.76. The stock has a market cap of $42.18 billion, a P/E ratio of 11.00 and a beta of 0.63. The firm has a 50 day moving average price of $27.91 and a two-hundred day moving average price of $26.74. Danske Bank has a 12-month low of $21.91 and a 12-month high of $29.65.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The financial services provider reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.06. Danske Bank had a return on equity of 14.40% and a net margin of 41.60%. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.19 billion. As a group, equities research analysts expect that Danske Bank will post 2.28 EPS for the current fiscal year.

About Danske Bank

Danske Bank A/S is a Danish financial services group headquartered in Copenhagen. Founded in 1871, it is one of the largest banks in Denmark and provides banking and financial solutions to individuals, businesses, institutional clients and public-sector organizations.

The company's services include personal and business banking, lending, deposits, payment services, credit cards, investment products, pension solutions and wealth management. Through its subsidiaries and related businesses, Danske Bank also provides mortgage financing, asset management, corporate finance, capital markets services and other investment banking products.

Danske Bank primarily serves customers across the Nordic region, with Denmark as its main market and operations and business activities in countries including Sweden, Norway and Finland.

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