Short Interest in Danske Bank (OTCMKTS:DNKEY) Decreases By 77.0%

Key Points

• Short interest in Danske Bank has dropped by 77.0%, with total short shares decreasing from 23,500 in July to just 5,400 in August.
• Analyst ratings indicate a consensus of "Buy" for Danske Bank, with two analysts assigning a Strong Buy rating, while others have issued a Hold rating.
• Danske Bank reported an EPS of $0.50 for the last quarter, exceeding consensus estimates by $0.02, and had a revenue of $2.17 billion.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) was the recipient of a significant drop in short interest in August. As of August 15th, there was short interest totaling 5,400 shares, adropof77.0% from the July 31st total of 23,500 shares. Based on an average trading volume of 116,500 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 116,500 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DNKEY shares. Zacks Research downgraded Danske Bank from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Barclays raised Danske Bank from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Citigroup reaffirmed a "buy" rating on shares of Danske Bank in a research report on Wednesday, May 21st. Morgan Stanley reaffirmed an "overweight" rating on shares of Danske Bank in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Danske Bank in a research report on Tuesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy".

Danske Bank Stock Performance

OTCMKTS:DNKEY traded down $0.16 on Friday, hitting $20.33. The stock had a trading volume of 16,541 shares, compared to its average volume of 37,006. The stock has a market cap of $33.95 billion, a price-to-earnings ratio of 10.01 and a beta of 0.77. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 7.82. The business's 50-day simple moving average is $20.58 and its two-hundred day simple moving average is $18.84. Danske Bank has a 52-week low of $13.50 and a 52-week high of $21.91.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) last posted its quarterly earnings data on Friday, July 18th. The financial services provider reported $0.50 earnings per share 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 analysts' expectations of $14.01 billion. As a group, research analysts predict that Danske Bank will post 1.84 earnings per share for the current 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.