Danske Bank A/S (OTCMKTS:DNKEY) Sees Significant Growth in Short Interest

Danske Bank A/S (OTCMKTS:DNKEY - Get Free Report) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 116,400 shares, an increase of 1,125.3% from the March 31st total of 9,500 shares. Based on an average trading volume of 204,100 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the company's stock are sold short.

Wall Street Analyst Weigh In

Separately, Morgan Stanley restated an "overweight" rating on shares of Danske Bank A/S in a research note on Friday, March 7th.

Danske Bank A/S Stock Performance

OTCMKTS:DNKEY traded down $0.35 during mid-day trading on Thursday, hitting $17.38. 30,060 shares of the company's stock traded hands, compared to its average volume of 48,415. The firm has a 50 day moving average of $16.73 and a two-hundred day moving average of $15.49. Danske Bank A/S has a 12 month low of $13.50 and a 12 month high of $18.20. The firm has a market capitalization of $29.50 billion, a price-to-earnings ratio of 8.69 and a beta of 0.73. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 7.47.

Danske Bank A/S (OTCMKTS:DNKEY - Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The financial services provider reported $0.51 EPS for the quarter. Danske Bank A/S had a return on equity of 13.35% and a net margin of 41.90%. On average, equities analysts forecast that Danske Bank A/S will post 1.84 earnings per share for the current fiscal year.

Danske Bank A/S Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 24th were paid a $0.7642 dividend. This is a positive change from Danske Bank A/S's previous dividend of $0.46. The ex-dividend date was Monday, March 24th. Danske Bank A/S's payout ratio is currently 75.50%.

Danske Bank A/S 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.