Danske Bank A/S (OTCMKTS:DNKEY) Sees Large Decline in Short Interest

Danske Bank A/S (OTCMKTS:DNKEY) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 800 shares, a drop of 94.9% from the September 30th total of 15,700 shares. Based on an average daily volume of 52,800 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Barclays raised Danske Bank A/S to a “strong sell” rating in a report on Tuesday, October 1st. UBS Group raised Danske Bank A/S to a “strong-buy” rating in a research report on Monday, October 7th. Finally, The Goldman Sachs Group raised Danske Bank A/S to a “hold” rating in a report on Friday, September 27th.

Danske Bank A/S Stock Performance

OTCMKTS:DNKEY traded down $0.13 during trading hours on Friday, reaching $14.33. 15,475 shares of the company’s stock were exchanged, compared to its average volume of 23,862. Danske Bank A/S has a 1-year low of $10.65 and a 1-year high of $16.23. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 7.32. The firm has a market capitalization of $24.54 billion, a price-to-earnings ratio of 7.87 and a beta of 0.93. The company has a 50-day moving average of $15.06 and a 200 day moving average of $14.92.

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.