Deutsche Bank Aktiengesellschaft (NYSE:DB) Short Interest Update

Deutsche Bank Aktiengesellschaft (NYSE:DB) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 9,263,893 shares, a growth of 24.0% from the November 30th total of 7,470,008 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,435,535 shares, the days-to-cover ratio is presently 3.8 days. Based on an average daily trading volume, of 2,435,535 shares, the days-to-cover ratio is presently 3.8 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Several large investors have recently added to or reduced their stakes in DB. Opal Wealth Advisors LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter worth $25,000. Root Financial Partners LLC acquired a new stake in Deutsche Bank Aktiengesellschaft during the third quarter worth about $27,000. Salomon & Ludwin LLC raised its stake in Deutsche Bank Aktiengesellschaft by 2,807.4% during the third quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock worth $28,000 after purchasing an additional 758 shares during the period. Triumph Capital Management acquired a new position in Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at about $32,000. Finally, Cary Street Partners Investment Advisory LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 61.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock valued at $38,000 after buying an additional 413 shares during the period. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Stock Down 0.6%

Shares of NYSE DB opened at $38.57 on Friday. The stock has a market cap of $76.83 billion, a PE ratio of 14.23, a P/E/G ratio of 0.41 and a beta of 0.96. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.40. Deutsche Bank Aktiengesellschaft has a 12-month low of $16.97 and a 12-month high of $39.78. The company has a 50-day moving average of $36.69 and a 200 day moving average of $34.61.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its earnings results on Wednesday, October 29th. The bank reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.16. The business had revenue of $9.44 billion for the quarter, compared to analyst estimates of $7.75 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.99% and a return on equity of 5.97%. As a group, sell-side analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Analysts Set New Price Targets

DB has been the topic of a number of research analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, November 24th. Jefferies Financial Group started coverage on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, October 20th. They issued a “hold” rating on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, October 8th. Barclays raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Friday, October 10th. Finally, Wall Street Zen upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank’s core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.