Danske Bank (OTCMKTS:DNKEY) Short Interest Down 22.5% in December
by Jessica Moore · The Cerbat GemDanske Bank (OTCMKTS:DNKEY – Get Free Report) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 29,488 shares, a decrease of 22.5% from the November 30th total of 38,052 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 66,946 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 66,946 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are sold short.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on DNKEY shares. Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a research note on Monday, November 24th. Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Danske Bank in a research note on Monday, November 3rd. Finally, Barclays restated an “overweight” rating on shares of Danske Bank in a research note on Wednesday, December 10th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
Get Our Latest Stock Analysis on DNKEY
Danske Bank Stock Performance
Shares of DNKEY traded down $0.10 during mid-day trading on Thursday, hitting $24.96. 8,841 shares of the company’s stock were exchanged, compared to its average volume of 23,783. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 7.16. Danske Bank has a 52 week low of $13.93 and a 52 week high of $25.50. The stock’s 50-day simple moving average is $23.27 and its 200-day simple moving average is $21.61. The firm has a market cap of $41.67 billion, a price-to-earnings ratio of 12.35 and a beta of 0.61.
Danske Bank (OTCMKTS:DNKEY – Get Free Report) last issued its quarterly earnings results on Friday, October 31st. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. Danske Bank had a return on equity of 13.01% and a net margin of 40.42%.The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.15 billion. On average, equities research analysts expect that Danske Bank will post 1.84 EPS for the current year.
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.