Danske Bank A/S (OTCMKTS:DNKEY) Short Interest Up 270.0% in March

Danske Bank A/S (OTCMKTS:DNKEY) was the target of a significant increase in short interest during 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 trading volume of 64,000 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are sold short.

Danske Bank A/S Price Performance

Shares of DNKEY stock traded down $0.47 during trading hours on Friday, hitting $16.95. 31,994 shares of the company’s stock were exchanged, compared to its average volume of 40,917. The company has a market capitalization of $28.77 billion, a PE ratio of 8.48 and a beta of 0.88. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 7.47. Danske Bank A/S has a 12-month low of $13.50 and a 12-month high of $18.20. The business’s 50 day simple moving average is $16.45 and its 200-day simple moving average is $15.28.

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 research analysts anticipate that Danske Bank A/S will post 1.84 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 Tuesday, April 1st. Stockholders of record on Monday, March 24th will be paid a $0.7642 dividend. The ex-dividend date is Monday, March 24th. This is a positive change from Danske Bank A/S’s previous dividend of $0.46. Danske Bank A/S’s payout ratio is 76.00%.

Analyst Upgrades and Downgrades

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 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.