Danske Bank (OTCMKTS:DNKEY) Short Interest Update

Danske Bank (OTCMKTS:DNKEY) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 17,659 shares, a decrease of 87.7% from the July 15th total of 143,686 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 70,721 shares, the days-to-cover ratio is currently 0.2 days.

Danske Bank Stock Up 1.2%

Shares of OTCMKTS:DNKEY traded up $0.34 during trading on Friday, reaching $29.05. 19,845 shares of the company traded hands, compared to its average volume of 57,948. The firm has a fifty day simple moving average of $27.54 and a 200 day simple moving average of $26.33. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 8.09. Danske Bank has a 1-year low of $20.16 and a 1-year high of $29.41. The firm has a market cap of $47.40 billion, a P/E ratio of 12.85 and a beta of 0.61.

Danske Bank (OTCMKTS:DNKEY) last posted its quarterly earnings results on Friday, July 17th. The financial services provider reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.24 billion. Danske Bank had a return on equity of 13.80% and a net margin of 40.85%. Analysts anticipate that Danske Bank will post 2.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DNKEY has been the subject of several recent analyst reports. Zacks Research raised Danske Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Citigroup restated a “buy” rating on shares of Danske Bank in a research note on Monday, July 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Danske Bank in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of Danske Bank in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Danske Bank Company Profile

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.