Danske Bank (OTCMKTS:DNKEY) Sees Large Decline in Short Interest

Danske Bank (OTCMKTS:DNKEY) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 49,809 shares, a decline of 41.0% from the April 15th total of 84,362 shares. Based on an average daily trading volume, of 92,860 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the company are sold short.

Danske Bank Trading Up 1.0%

Danske Bank stock opened at $25.29 on Tuesday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 7.44. The firm has a 50-day moving average price of $25.25 and a two-hundred day moving average price of $24.84. The firm has a market capitalization of $41.26 billion, a price-to-earnings ratio of 11.65 and a beta of 0.61. Danske Bank has a 52-week low of $18.93 and a 52-week high of $27.61.

Danske Bank (OTCMKTS:DNKEY) last posted its earnings results on Thursday, April 30th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. Danske Bank had a net margin of 40.38% and a return on equity of 13.14%. Sell-side analysts expect that Danske Bank will post 2.32 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Barclays reaffirmed an “overweight” rating on shares of Danske Bank in a report on Thursday, April 9th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Danske Bank in a report on Wednesday, April 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a report on Tuesday, May 12th. Finally, Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Danske Bank has a consensus rating of “Moderate Buy”.

About Danske Bank

Danske Bank A/S is a major Danish banking group headquartered in Copenhagen. The firm traces its origins to the 19th century and has grown through mergers and organic expansion into one of the region’s largest financial institutions. Its shares are primarily listed on Nasdaq Copenhagen, and American investors may encounter the bank’s ADR trading on the U.S. over-the-counter market under the symbol DNKEY.

The bank provides a broad range of financial products and services across retail, commercial and institutional segments.