Deutsche Bank Aktiengesellschaft (NYSE:DB) Short Interest Up 70.6% in July

Deutsche Bank Aktiengesellschaft (NYSE:DB) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 6,131,432 shares, an increase of 70.6% from the July 15th total of 3,593,604 shares. Based on an average trading volume of 1,984,030 shares, the days-to-cover ratio is currently 3.1 days. Currently, 0.3% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Zacks Research lowered Deutsche Bank Aktiengesellschaft from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 30th. Oddo Bhf raised Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research note on Friday, May 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 30th. Finally, Keefe, Bruyette & Woods upgraded Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a report on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Deutsche Bank Aktiengesellschaft currently has an average rating of “Hold” and an average price target of $43.00.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Deutsche Bank Aktiengesellschaft by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 80,119,806 shares of the bank’s stock valued at $3,087,737,000 after acquiring an additional 1,051,072 shares in the last quarter. Amundi raised its stake in Deutsche Bank Aktiengesellschaft by 11.4% during the 1st quarter. Amundi now owns 60,059,707 shares of the bank’s stock valued at $1,788,578,000 after purchasing an additional 6,139,611 shares during the period. Fisher Asset Management LLC raised its stake in Deutsche Bank Aktiengesellschaft by 3.7% during the 4th quarter. Fisher Asset Management LLC now owns 27,398,661 shares of the bank’s stock valued at $1,056,492,000 after purchasing an additional 966,655 shares during the period. Bank of America Corp DE lifted its holdings in Deutsche Bank Aktiengesellschaft by 83.1% in the 1st quarter. Bank of America Corp DE now owns 21,420,171 shares of the bank’s stock worth $637,893,000 after purchasing an additional 9,719,181 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Deutsche Bank Aktiengesellschaft by 5.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 18,743,906 shares of the bank’s stock worth $600,821,000 after acquiring an additional 957,307 shares during the last quarter. 27.90% of the stock is owned by institutional investors.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of NYSE DB traded down $0.07 during midday trading on Tuesday, hitting $38.05. 921,152 shares of the stock traded hands, compared to its average volume of 2,918,625. The firm has a market capitalization of $73.81 billion, a P/E ratio of 10.14, a PEG ratio of 0.54 and a beta of 0.94. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a 50-day moving average of $35.63 and a two-hundred day moving average of $33.83. Deutsche Bank Aktiengesellschaft has a one year low of $28.12 and a one year high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Thursday, July 30th. The bank reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.25). The firm had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.30 billion. Deutsche Bank Aktiengesellschaft had a net margin of 11.53% and a return on equity of 8.46%. On average, equities analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.88 EPS for the current fiscal year.

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.