Short Interest in Danske Bank A/S (OTCMKTS:DNKEY) Grows By 406.2%

Posted by Joseph Casey on Nov 29th, 2024

Danske Bank A/S (OTCMKTS:DNKEY – Get Free Report) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 32,900 shares, an increase of 406.2% from the October 31st total of 6,500 shares. Based on an average daily volume of 60,500 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

DNKEY has been the subject of several recent analyst reports. Barclays upgraded Danske Bank A/S to a “strong sell” rating in a research note on Tuesday, October 1st. UBS Group upgraded Danske Bank A/S to a “strong-buy” rating in a research note on Monday, October 7th. Finally, The Goldman Sachs Group upgraded Danske Bank A/S to a “hold” rating in a research note on Friday, September 27th.

Read Our Latest Stock Analysis on Danske Bank A/S

Danske Bank A/S Stock Performance

OTCMKTS:DNKEY traded up $0.01 during mid-day trading on Friday, hitting $14.05. 22,157 shares of the company’s stock traded hands, compared to its average volume of 31,361. The firm has a 50 day moving average of $14.65 and a two-hundred day moving average of $14.94. Danske Bank A/S has a 12 month low of $12.71 and a 12 month high of $16.23. The firm has a market capitalization of $23.85 billion, a price-to-earnings ratio of 7.13 and a beta of 0.94. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 7.32.

Danske Bank A/S (OTCMKTS:DNKEY – Get Free Report) last issued its earnings results on Thursday, October 31st. The financial services provider reported $0.53 earnings per share (EPS) for the quarter. Danske Bank A/S had a return on equity of 13.40% and a net margin of 42.04%. The business had revenue of $2.04 billion during the quarter. On average, equities analysts forecast that Danske Bank A/S will post 1.98 earnings per share for the current fiscal year.

About Danske Bank A/S

(Get Free Report)

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.