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

Danske Bank A/S (OTCMKTS:DNKEY - Get Free Report) 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. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 64,000 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley restated an "overweight" rating on shares of Danske Bank A/S in a report on Friday, March 7th.

Danske Bank A/S Trading Down 2.7 %

Shares of OTCMKTS DNKEY traded down $0.47 during midday trading on Monday, hitting $16.95. 31,994 shares of the company traded hands, compared to its average volume of 40,917. Danske Bank A/S has a 12-month low of $13.50 and a 12-month high of $18.20. The firm has a market cap of $28.77 billion, a P/E ratio of 8.48 and a beta of 0.88. The stock has a 50-day moving average price of $16.50 and a 200 day moving average price of $15.29. The company has a debt-to-equity ratio of 7.47, a quick ratio of 1.79 and a current ratio of 1.79.

Danske Bank A/S (OTCMKTS:DNKEY - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The financial services provider reported $0.51 earnings per share 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 expect that Danske Bank A/S will post 1.84 earnings per share for the current year.

Danske Bank A/S Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be paid a $0.7642 dividend. This is a positive change from Danske Bank A/S's previous dividend of $0.46. The ex-dividend date is Monday, March 24th. Danske Bank A/S's dividend payout ratio (DPR) is presently 75.50%.

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.