Danske Bank (OTCMKTS:DNKEY) Short Interest Down 58.8% in June

Danske Bank (OTCMKTS:DNKEY) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 22,190 shares, a drop of 58.8% from the May 31st total of 53,873 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 91,199 shares, the short-interest ratio is presently 0.2 days.

Danske Bank Price Performance

OTCMKTS:DNKEY opened at $26.39 on Monday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 7.44. Danske Bank has a 52 week low of $19.68 and a 52 week high of $27.61. The stock’s 50-day moving average price is $25.92 and its 200-day moving average price is $25.52. The stock has a market capitalization of $43.06 billion, a PE ratio of 12.16 and a beta of 0.60.

Danske Bank (OTCMKTS:DNKEY) last released its quarterly 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 company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Danske Bank had a return on equity of 13.14% and a net margin of 40.38%. As a group, equities analysts expect that Danske Bank will post 2.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a research report on Wednesday. Citigroup restated a “buy” rating on shares of Danske Bank in a research report on Wednesday, May 6th. Barclays reaffirmed an “overweight” rating on shares of Danske Bank in a research note on Thursday, April 9th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Danske Bank in a report on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Danske Bank 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.