Short Interest in Danske Bank A/S (OTCMKTS:DNKEY) Rises By 270.0%

Danske Bank A/S (OTCMKTS:DNKEY) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 29,600 shares, an increase of 270.0% from the February 28th total of 8,000 shares. Based on an average daily trading volume, of 64,000 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank A/S in a research note on Friday, March 7th.

Danske Bank A/S Price Performance

Shares of OTCMKTS:DNKEY traded up $0.06 during trading on Thursday, reaching $17.40. The stock had a trading volume of 59,595 shares, compared to its average volume of 41,374. The business has a fifty day moving average price of $16.40 and a 200-day moving average price of $15.26. Danske Bank A/S has a 1-year low of $13.50 and a 1-year high of $18.20. The company has a debt-to-equity ratio of 7.47, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market cap of $29.53 billion, a PE ratio of 8.70 and a beta of 0.88.

Danske Bank A/S (OTCMKTS:DNKEY) last issued its earnings results on Friday, February 7th. The financial services provider reported $0.51 EPS for the quarter. Danske Bank A/S had a net margin of 41.90% and a return on equity of 13.35%. On average, equities analysts forecast that Danske Bank A/S will post 1.84 earnings per share for the current fiscal year.

Danske Bank A/S Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be issued a $0.7642 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is a boost from Danske Bank A/S’s previous dividend of $0.46. Danske Bank A/S’s dividend payout ratio (DPR) is currently 76.00%.

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.