Deutsche Bank Aktiengesellschaft (NYSE:DB) Sees Large Decline in Short Interest

Key Points

• Deutsche Bank Aktiengesellschaft experienced a dramatic 60.2% decrease in short interest in July, dropping from 15,490,000 shares on July 15 to 6,170,000 shares by July 31.
• Equities analysts have mixed opinions on the stock, with one sell rating, three hold ratings, four buy ratings, and a consensus rating of Moderate Buy.
• Despite a revenue of $9.21 billion for the quarter, Deutsche Bank missed earnings per share estimates by $0.24, reporting $0.54 EPS compared to analyst expectations of $0.78.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 6,170,000 shares, adecreaseof60.2% from the July 15th total of 15,490,000 shares. Currently,0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,870,000 shares, the short-interest ratio is currently 2.1 days. Based on an average daily trading volume, of 2,870,000 shares, the short-interest ratio is currently 2.1 days. Currently,0.3% of the shares of the stock are sold short.

Analyst Ratings Changes

Several equities analysts have recently commented on DB shares. Bank of America started coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They set a "buy" rating on the stock. Wall Street Zen cut shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Citigroup restated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Kepler Capital Markets cut shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Monday, July 28th. Finally, Cfra Research upgraded shares of Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Stock Down 0.6%

NYSE:DB traded down $0.22 during trading hours on Friday, reaching $36.56. The company's stock had a trading volume of 2,464,482 shares, compared to its average volume of 2,871,355. The company has a market cap of $72.83 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 0.45 and a beta of 1.02. Deutsche Bank Aktiengesellschaft has a one year low of $15.20 and a one year high of $36.99. The business's 50-day moving average is $30.97 and its 200-day moving average is $26.31. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its earnings results on Thursday, July 24th. The bank reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). The firm had revenue of $9.21 billion for the quarter, compared to analyst estimates of $7.80 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%. Equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the second quarter valued at about $25,000. Zions Bancorporation National Association UT acquired a new position in Deutsche Bank Aktiengesellschaft in the first quarter worth about $39,000. Farther Finance Advisors LLC raised its position in Deutsche Bank Aktiengesellschaft by 96.5% in the first quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock worth $39,000 after purchasing an additional 800 shares in the last quarter. MAI Capital Management raised its position in Deutsche Bank Aktiengesellschaft by 385.1% in the second quarter. MAI Capital Management now owns 1,824 shares of the bank's stock worth $53,000 after purchasing an additional 1,448 shares in the last quarter. Finally, Allworth Financial LP raised its position in Deutsche Bank Aktiengesellschaft by 54.0% in the second quarter. Allworth Financial LP now owns 2,143 shares of the bank's stock worth $63,000 after purchasing an additional 751 shares in the last quarter. Institutional investors and hedge funds own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

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