Short Interest in Danske Bank A/S (OTCMKTS:DNKEY) Declines By 67.9%

Danske Bank A/S (OTCMKTS:DNKEY) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 9,500 shares, a drop of 67.9% from the March 15th total of 29,600 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 58,500 shares, the days-to-cover ratio is currently 0.2 days.

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 Trading Up 0.4 %

Shares of OTCMKTS:DNKEY traded up $0.06 during midday trading on Thursday, reaching $16.49. The company had a trading volume of 38,563 shares, compared to its average volume of 50,380. Danske Bank A/S has a 1-year low of $13.50 and a 1-year high of $18.20. The company has a fifty day simple moving average of $16.62 and a two-hundred day simple moving average of $15.32. The firm has a market cap of $27.99 billion, a price-to-earnings ratio of 8.25 and a beta of 0.73. The company has a debt-to-equity ratio of 7.47, a quick ratio of 1.79 and a current ratio of 1.79.

Danske Bank A/S (OTCMKTS:DNKEY) last announced its quarterly earnings data 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%. Research analysts predict 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 announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 24th were paid a $0.7642 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from Danske Bank A/S’s previous dividend of $0.46. Danske Bank A/S’s dividend payout ratio (DPR) is presently 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.