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

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

Analyst Upgrades and Downgrades

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

Danske Bank A/S Price Performance

OTCMKTS:DNKEY traded up $0.62 during mid-day trading on Tuesday, hitting $16.43. The company’s stock had a trading volume of 62,245 shares, compared to its average volume of 50,504. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 7.47. The company has a market capitalization of $27.89 billion, a price-to-earnings ratio of 8.22 and a beta of 0.73. Danske Bank A/S has a fifty-two week low of $13.50 and a fifty-two week high of $18.20. The stock has a fifty day moving average of $16.60 and a 200-day moving average of $15.30.

Danske Bank A/S (OTCMKTS:DNKEY) last announced 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%. As a group, equities analysts forecast that Danske Bank A/S will post 1.84 EPS for the current fiscal year.

Danske Bank A/S Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 24th were issued a dividend of $0.7642 per share. The ex-dividend date was Monday, March 24th. This is a boost from Danske Bank A/S’s previous dividend of $0.46. Danske Bank A/S’s payout ratio is currently 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.