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

Danske Bank A/S (OTCMKTS:DNKEY) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 9,500 shares, a decline of 67.9% from the March 15th total of 29,600 shares. Based on an average trading volume of 58,500 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Danske Bank A/S Stock Performance

Shares of OTCMKTS DNKEY traded up $0.62 during midday trading on Tuesday, hitting $16.43. 62,245 shares of the company’s stock were exchanged, compared to its average volume of 50,504. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 7.47. The firm has a market capitalization of $27.89 billion, a PE ratio of 8.22 and a beta of 0.73. Danske Bank A/S has a 12 month low of $13.50 and a 12 month high of $18.20. The company’s 50 day moving average price is $16.60 and its 200 day moving average price is $15.30.

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

Danske Bank A/S Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th were paid a dividend of $0.7642 per share. This is an increase from Danske Bank A/S’s previous dividend of $0.46. The ex-dividend date of this dividend was Monday, March 24th. Danske Bank A/S’s payout ratio is presently 75.50%.

Wall Street Analyst Weigh In

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

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.