Danske Bank A/S (OTCMKTS:DNKEY – Get Rating) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 7,200 shares, an increase of 100.0% from the May 15th total of 3,600 shares. Based on an average daily volume of 113,000 shares, the short-interest ratio is currently 0.1 days.
Shares of OTCMKTS DNKEY opened at $7.81 on Monday. The firm’s 50 day simple moving average is $8.05 and its 200-day simple moving average is $8.60. Danske Bank A/S has a 12 month low of $7.08 and a 12 month high of $10.30. The stock has a market capitalization of $13.47 billion, a price-to-earnings ratio of 7.04 and a beta of 0.91. The company has a debt-to-equity ratio of 7.23, a current ratio of 1.66 and a quick ratio of 1.66.
The business also recently declared a dividend, which was paid on Tuesday, March 29th. Investors of record on Monday, March 21st were paid a $0.0996 dividend. The ex-dividend date of this dividend was Friday, March 18th. This represents a yield of 1.19%. Danske Bank A/S’s dividend payout ratio is currently 9.01%.
A number of analysts recently weighed in on the stock. Barclays upped their price objective on shares of Danske Bank A/S from 95.00 to 102.00 in a research note on Thursday, May 12th. JPMorgan Chase & Co. increased their price target on shares of Danske Bank A/S from 100.00 to 105.00 in a research report on Wednesday, May 11th. Nordea Equity Research raised shares of Danske Bank A/S to a “hold” rating in a research report on Tuesday, March 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Danske Bank A/S from 135.00 to 126.00 and set a “hold” rating for the company in a research report on Wednesday, April 6th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $120.50.
Danske Bank A/S Company Profile (Get Rating)
Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients. The company offers corporate finance services, investment and debt capital markets products, merger and acquisition advisory services, equity and loan capital markets services, international payments, cash management, credit transfer, and supply chain and trade finance services.
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