Short Interest in Danske Bank A/S (OTCMKTS:DNKEY) Decreases By 64.8%

Danske Bank A/S (OTCMKTS:DNKEY) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 8,000 shares, a drop of 64.8% from the February 13th total of 22,700 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 92,200 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

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

Danske Bank A/S Stock Performance

Shares of DNKEY stock traded up $0.31 on Friday, reaching $17.57. The stock had a trading volume of 13,092 shares, compared to its average volume of 43,162. The stock has a market cap of $29.83 billion, a P/E ratio of 8.78 and a beta of 0.88. Danske Bank A/S has a 1 year low of $13.50 and a 1 year high of $17.85. 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 company has a 50 day simple moving average of $15.90 and a 200 day simple moving average of $15.16.

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

Danske Bank A/S Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be issued a $0.7642 dividend. This is a boost from Danske Bank A/S’s previous dividend of $0.46. The ex-dividend date of this dividend is Monday, March 24th. Danske Bank A/S’s dividend payout ratio (DPR) is currently 38.50%.

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.