Danske Bank (OTCMKTS:DNKEY) Short Interest Up 71.6% in May

Danske Bank (OTCMKTS:DNKEY) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 53,873 shares, a growth of 71.6% from the May 14th total of 31,401 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 129,858 shares, the days-to-cover ratio is presently 0.4 days.

Danske Bank Stock Performance

DNKEY opened at $26.29 on Monday. The company has a market capitalization of $42.89 billion, a price-to-earnings ratio of 12.11 and a beta of 0.60. The company has a debt-to-equity ratio of 7.44, a current ratio of 1.81 and a quick ratio of 1.81. Danske Bank has a 1-year low of $19.37 and a 1-year high of $27.61. The business has a 50 day moving average price of $25.67 and a two-hundred day moving average price of $25.28.

Danske Bank (OTCMKTS:DNKEY) last released its earnings results on Thursday, April 30th. The financial services provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. Danske Bank had a return on equity of 13.14% and a net margin of 40.38%. Research analysts predict that Danske Bank will post 2.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DNKEY. Jefferies Financial Group reaffirmed a “hold” rating on shares of Danske Bank in a report on Wednesday, April 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a report on Tuesday, May 12th. Citigroup reiterated a “buy” rating on shares of Danske Bank in a research report on Wednesday, May 6th. Finally, Barclays reissued an “overweight” rating on shares of Danske Bank in a report on Thursday, April 9th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

About Danske Bank

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.