Short Interest in Deutsche Bank AG (DB) Drops By 13.8%

Deutsche Bank AG (NYSE:DB) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 46,411,476 shares, a decline of 13.8% from the January 15th total of 53,857,250 shares. Based on an average daily trading volume, of 5,647,613 shares, the short-interest ratio is currently 8.2 days.

A number of equities research analysts have issued reports on DB shares. Berenberg Bank reiterated a “sell” rating on shares of Deutsche Bank in a research note on Tuesday, February 5th. Norddeutsche Landesbank reaffirmed a “hold” rating on shares of Deutsche Bank in a research report on Saturday, February 2nd. UBS Group reiterated a “hold” rating on shares of Deutsche Bank in a report on Saturday, February 2nd. Royal Bank of Canada reaffirmed a “sell” rating on shares of Deutsche Bank in a report on Saturday, February 2nd. Finally, Independent Research restated a “sell” rating on shares of Deutsche Bank in a report on Saturday, February 2nd. Nine investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $11.00.

Shares of DB opened at $8.54 on Thursday. The company has a market cap of $16.93 billion, a P/E ratio of -14.23 and a beta of 1.35. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. Deutsche Bank has a twelve month low of $7.62 and a twelve month high of $16.83.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DB. Quadrant Capital Group LLC lifted its holdings in Deutsche Bank by 478.7% during the fourth quarter. Quadrant Capital Group LLC now owns 18,658 shares of the bank’s stock worth $145,000 after acquiring an additional 15,434 shares during the period. Capital International Sarl boosted its holdings in shares of Deutsche Bank by 22.3% in the third quarter. Capital International Sarl now owns 406,829 shares of the bank’s stock valued at $4,643,000 after purchasing an additional 74,151 shares during the period. Shah Capital Management acquired a new position in shares of Deutsche Bank during the fourth quarter worth $10,610,000. Private Advisor Group LLC purchased a new stake in shares of Deutsche Bank during the 3rd quarter worth about $191,000. Finally, Hudson Executive Capital LP acquired a new stake in Deutsche Bank in the 3rd quarter valued at about $679,928,000. 22.74% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This story was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this story can be accessed at https://www.americanbankingnews.com/2019/02/14/short-interest-in-deutsche-bank-ag-db-drops-by-13-8.html.

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.

See Also: What is a Lock-Up Period?

Receive News & Ratings for Deutsche Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Bank and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply