Danske Bank A/S (OTCMKTS:DNKEY) Sees Significant Growth in Short Interest

Danske Bank A/S (OTCMKTS:DNKEY) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 6,500 shares, an increase of 712.5% from the October 15th total of 800 shares. Based on an average daily volume of 50,600 shares, the days-to-cover ratio is currently 0.1 days.

Danske Bank A/S Trading Down 3.2 %

DNKEY stock traded down $0.48 during trading on Wednesday, reaching $14.36. 71,050 shares of the stock traded hands, compared to its average volume of 25,313. The business’s 50 day moving average price is $14.90 and its 200-day moving average price is $14.94. Danske Bank A/S has a 52-week low of $11.90 and a 52-week high of $16.23. The company has a debt-to-equity ratio of 7.32, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a market capitalization of $24.38 billion, a PE ratio of 7.29 and a beta of 0.94.

Danske Bank A/S (OTCMKTS:DNKEY) last issued its earnings results on Thursday, October 31st. The financial services provider reported $0.53 earnings per share for the quarter. Danske Bank A/S had a return on equity of 13.40% and a net margin of 42.04%. The company had revenue of $2.04 billion during the quarter. As a group, sell-side analysts forecast that Danske Bank A/S will post 1.98 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. UBS Group raised Danske Bank A/S to a “strong-buy” rating in a report on Monday, October 7th. The Goldman Sachs Group raised Danske Bank A/S to a “hold” rating in a report on Friday, September 27th. Finally, Barclays raised Danske Bank A/S to a “strong sell” rating in a report on Tuesday, October 1st.

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.