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

Danske Bank A/S (OTCMKTS:DNKEY) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 29,600 shares, an increase of 270.0% from the February 28th total of 8,000 shares. Based on an average daily trading volume, of 64,000 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s stock are sold short.

Danske Bank A/S Price Performance

Shares of OTCMKTS:DNKEY opened at $16.95 on Friday. The company has a debt-to-equity ratio of 7.47, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market cap of $28.77 billion, a price-to-earnings ratio of 8.48 and a beta of 0.88. The business has a 50-day simple moving average of $16.50 and a two-hundred day simple moving average of $15.29. Danske Bank A/S has a fifty-two week low of $13.50 and a fifty-two week high of $18.20.

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

Danske Bank A/S Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be issued a dividend of $0.7642 per share. This is a boost from Danske Bank A/S’s previous dividend of $0.46. The ex-dividend date of this dividend is Monday, March 24th. Danske Bank A/S’s dividend payout ratio is presently 76.00%.

Wall Street Analyst Weigh In

Separately, Morgan Stanley reissued an “overweight” rating on shares of Danske Bank A/S in a research report on Friday, March 7th.

About Danske Bank A/S

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.