Short Interest in Danske Bank A/S (OTCMKTS:DNKEY) Decreases By 21.1%

Danske Bank A/S (OTCMKTS:DNKEY) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totalling 15,700 shares, a drop of 21.1% from the September 15th total of 19,900 shares. Based on an average trading volume of 20,400 shares, the short-interest ratio is presently 0.8 days.

Danske Bank A/S Stock Performance

Shares of Danske Bank A/S stock traded up $0.27 during midday trading on Friday, hitting $14.75. The company had a trading volume of 15,339 shares, compared to its average volume of 23,801. The stock has a market cap of $25.26 billion, a PE ratio of 8.11 and a beta of 0.93. Danske Bank A/S has a 1-year low of $10.65 and a 1-year high of $16.23. The business’s 50 day simple moving average is $15.10 and its two-hundred day simple moving average is $14.97. The company has a debt-to-equity ratio of 7.32, a current ratio of 1.72 and a quick ratio of 1.72.

Danske Bank A/S (OTCMKTS:DNKEY) last announced its quarterly earnings data on Friday, July 19th. The financial services provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. Danske Bank A/S had a net margin of 41.10% and a return on equity of 13.02%. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.98 billion. As a group, equities analysts predict that Danske Bank A/S will post 1.93 EPS for the current fiscal year.

Danske Bank A/S Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, August 1st. Stockholders of record on Monday, July 29th were given a dividend of $0.391 per share. The ex-dividend date was Monday, July 29th. This is a boost from Danske Bank A/S’s previous dividend of $0.39. This represents a dividend yield of 2.42%. Danske Bank A/S’s payout ratio is currently 42.31%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group raised shares of Danske Bank A/S to a “hold” rating in a research note on Friday, September 27th. UBS Group raised shares of Danske Bank A/S to a “strong-buy” rating in a research report on Monday, October 7th. Finally, Barclays upgraded Danske Bank A/S to a “strong sell” rating in a research note on Tuesday, October 1st.

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.