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

Danske Bank (OTCMKTS:DNKEY) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 143,686 shares, a growth of 372.0% from the June 30th total of 30,443 shares. Based on an average daily trading volume, of 256,773 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the company’s stock are sold short.

Danske Bank Stock Down 0.4%

OTCMKTS DNKEY traded down $0.10 during midday trading on Friday, hitting $27.20. 35,884 shares of the company traded hands, compared to its average volume of 84,866. Danske Bank has a 52 week low of $19.72 and a 52 week high of $28.85. The company’s 50-day simple moving average is $26.77 and its 200-day simple moving average is $25.96. The company has a market cap of $44.38 billion, a PE ratio of 12.04 and a beta of 0.61. The company has a debt-to-equity ratio of 7.90, a current ratio of 1.73 and a quick ratio of 1.73.

Danske Bank (OTCMKTS:DNKEY) last released its quarterly earnings results on Friday, July 17th. The financial services provider reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.24 billion. Danske Bank had a return on equity of 13.66% and a net margin of 40.85%. As a group, equities research analysts forecast that Danske Bank will post 2.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Citigroup restated a “buy” rating on shares of Danske Bank in a report on Monday, July 6th. Jefferies Financial Group reiterated a “hold” rating on shares of Danske Bank in a report on Wednesday, April 8th. The Goldman Sachs Group reissued a “neutral” rating on shares of Danske Bank in a research report on Monday, July 20th. Barclays restated an “overweight” rating on shares of Danske Bank in a report on Thursday, April 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a research report on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus 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.