Deutsche Bank AG (NYSE:DB) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 71,790,641 shares, a growth of 7.6% from the October 31st total of 66,700,757 shares. Based on an average trading volume of 4,356,403 shares, the days-to-cover ratio is currently 16.5 days.
DB has been the subject of several analyst reports. Morgan Stanley lowered shares of Deutsche Bank from an “equal” rating to a “weight” rating and set a $9.00 target price for the company. in a report on Friday, August 10th. Bank of America lowered shares of Deutsche Bank from a “neutral” rating to an “underperform” rating in a report on Monday, August 13th. Zacks Investment Research upgraded shares of Deutsche Bank from a “sell” rating to a “hold” rating in a report on Friday, August 17th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Deutsche Bank in a report on Tuesday, September 4th. Finally, Credit Suisse Group restated a “hold” rating on shares of Deutsche Bank in a report on Wednesday, October 17th. Nine investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $11.00.
Shares of DB opened at $9.16 on Monday. Deutsche Bank has a 1-year low of $9.10 and a 1-year high of $20.23. The stock has a market cap of $18.93 billion, a P/E ratio of -15.27 and a beta of 1.35. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77.
Deutsche Bank (NYSE:DB) last announced its quarterly earnings data on Wednesday, October 24th. The bank reported $0.12 earnings per share for the quarter. Deutsche Bank had a negative net margin of 4.51% and a negative return on equity of 2.50%. The company had revenue of $7.18 billion during the quarter. Research analysts forecast that Deutsche Bank will post 0.36 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. HPM Partners LLC bought a new stake in shares of Deutsche Bank in the 3rd quarter valued at about $115,000. LPL Financial LLC bought a new stake in shares of Deutsche Bank in the 3rd quarter valued at about $123,000. BlackRock Inc. raised its holdings in shares of Deutsche Bank by 3,809.3% in the 1st quarter. BlackRock Inc. now owns 11,728 shares of the bank’s stock valued at $164,000 after purchasing an additional 11,428 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Deutsche Bank in the 2nd quarter valued at about $125,000. Finally, Gideon Capital Advisors Inc. bought a new stake in shares of Deutsche Bank in the 3rd quarter valued at about $134,000. Institutional investors own 19.98% of the company’s stock.
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About Deutsche Bank
Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.
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