Short Interest in Danske Bank (OTCMKTS:DNKEY) Rises By 229.6%

Danske Bank (OTCMKTS:DNKEY) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 63,795 shares, an increase of 229.6% from the August 15th total of 19,355 shares. Based on an average daily trading volume, of 117,910 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Morgan Stanley restated an “overweight” rating on shares of Danske Bank in a report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Danske Bank in a research note on Thursday, July 30th. Zacks Research raised shares of Danske Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Danske Bank in a report on Monday, July 20th. Finally, Citigroup reiterated a “buy” rating on shares of Danske Bank in a report on Monday, July 6th. One research 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Danske Bank Price Performance

OTCMKTS DNKEY opened at $29.46 on Monday. The stock has a market capitalization of $48.07 billion, a price-to-earnings ratio of 13.04 and a beta of 0.62. Danske Bank has a 1-year low of $20.65 and a 1-year high of $29.65. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.76 and a quick ratio of 1.76. The business’s fifty day moving average price is $28.62 and its 200-day moving average price is $26.71.

Danske Bank (OTCMKTS:DNKEY) last announced its earnings results on Friday, July 17th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.03. Danske Bank had a return on equity of 13.80% and a net margin of 40.85%.The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.24 billion. On average, equities analysts predict that Danske Bank will post 2.31 earnings per share for the current year.

Danske Bank Company Profile

Danske Bank A/S is a Danish financial services group that provides banking and related financial products to personal, business and institutional customers. Its offerings include deposit accounts, consumer and commercial lending, payment services, cards, investment products, wealth management and corporate finance.

The bank also provides mortgage financing in Denmark through Realkredit Danmark, its mortgage subsidiary. For business and institutional clients, Danske Bank offers transaction banking, cash management, capital markets, investment banking and asset management services.

Founded in 1871 as Den Danske Landmandsbank, the company has developed into one of the largest banks in Denmark, with a broader Nordic focus.