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

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

Danske Bank A/S Trading Up 1.8 %

OTCMKTS DNKEY traded up $0.27 on Friday, reaching $15.07. 19,764 shares of the company were exchanged, compared to its average volume of 24,992. Danske Bank A/S has a fifty-two week low of $12.71 and a fifty-two week 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 stock has a market capitalization of $25.58 billion, a P/E ratio of 7.51 and a beta of 0.93. The business’s fifty day moving average price is $14.60 and its 200 day moving average price is $14.96.

Danske Bank A/S (OTCMKTS:DNKEY) last issued 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 company 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 year.

Danske Bank A/S Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 19th will be issued a dividend of $0.4604 per share. The ex-dividend date of this dividend is Thursday, December 19th. This is a boost from Danske Bank A/S’s previous dividend of $0.39. Danske Bank A/S’s dividend payout ratio is 39.09%.

Analyst Upgrades and Downgrades

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

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.