Short Interest in Danske Bank A/S (OTCMKTS:DNKEY) Rises By 406.2%

Danske Bank A/S (OTCMKTS:DNKEY) was the recipient of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 32,900 shares, a growth of 406.2% from the October 31st total of 6,500 shares. Based on an average daily trading volume, of 60,500 shares, the short-interest ratio is currently 0.5 days.

Danske Bank A/S Price Performance

DNKEY stock traded up $0.01 during trading hours on Thursday, hitting $14.05. 22,157 shares of the stock traded hands, compared to its average volume of 24,559. The stock has a 50-day simple moving average of $14.68 and a 200 day simple moving average of $14.94. Danske Bank A/S has a one year low of $12.71 and a one year high of $16.23. The company has a market cap of $23.85 billion, a P/E ratio of 7.13 and a beta of 0.94. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 7.32.

Danske Bank A/S (OTCMKTS:DNKEY) last released its quarterly 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 business had revenue of $2.04 billion during the quarter. Equities analysts forecast that Danske Bank A/S will post 1.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

DNKEY has been the subject of several recent analyst reports. Barclays raised Danske Bank A/S to a “strong sell” rating in a research note on Tuesday, October 1st. UBS Group raised Danske Bank A/S to a “strong-buy” rating in a research note on Monday, October 7th. Finally, The Goldman Sachs Group raised Danske Bank A/S to a “hold” rating in a research note on Friday, September 27th.

About Danske Bank A/S

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.