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

Danske Bank A/S (OTCMKTS:DNKEY) was the recipient of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 4,300 shares, a decline of 86.9% from the November 15th total of 32,900 shares. Based on an average trading volume of 58,300 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

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

Danske Bank A/S Price Performance

Shares of DNKEY stock traded up $0.27 on Friday, reaching $15.07. The company’s stock had a trading volume of 19,764 shares, compared to its average volume of 24,992. The stock’s fifty day simple moving average is $14.60 and its 200-day simple moving average is $14.96. Danske Bank A/S has a 1 year low of $12.71 and a 1 year high of $16.23. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 7.32. The company has a market capitalization of $25.58 billion, a price-to-earnings ratio of 7.51 and a beta of 0.93.

Danske Bank A/S (OTCMKTS:DNKEY) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.53 earnings per share (EPS) for the quarter. Danske Bank A/S had a net margin of 42.04% and a return on equity of 13.40%. The firm had revenue of $2.04 billion for the quarter. Analysts forecast that Danske Bank A/S will post 1.98 earnings per share for the current fiscal year.

Danske Bank A/S Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, December 19th will be paid a $0.4604 dividend. This is an increase from Danske Bank A/S’s previous dividend of $0.39. The ex-dividend date of this dividend is Thursday, December 19th. Danske Bank A/S’s dividend payout ratio is currently 39.09%.

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.