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.
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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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