Deutsche Bank Aktiengesellschaft (NYSE:DB) Short Interest Down 36.0% in August

Key Points

• Deutsche Bank Aktiengesellschaft experienced a significant drop in short interest, decreasing by 36.0% in August to a total of 6,690,000 shares as of August 31st.
• The company's market capitalization is approximately $74.00 billion, with shares trading up 0.3% at $37.15 on Monday.
• Equities research analysts have mixed opinions on the bank, with a current average rating of "Hold" and a notable rating change from Goldman Sachs downgrading it from "buy" to "neutral."

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 6,690,000 shares, a drop of 36.0% from the August 15th total of 10,460,000 shares. Based on an average trading volume of 2,740,000 shares, the short-interest ratio is currently 2.4 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 2,740,000 shares, the short-interest ratio is currently 2.4 days.

Analyst Ratings Changes

A number of equities analysts have commented on DB shares. Bank of America began coverage on Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They set a "buy" rating on the stock. Morgan Stanley reissued an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, September 2nd. Royal Bank Of Canada reissued an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. The Goldman Sachs Group downgraded Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a report on Tuesday, August 26th. Finally, Citigroup reissued a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold".

Deutsche Bank Aktiengesellschaft Stock Up 0.3%

Shares of NYSE:DB opened at $37.15 on Monday. The company has a market capitalization of $74.00 billion, a price-to-earnings ratio of 14.13, a P/E/G ratio of 0.45 and a beta of 1.03. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79. The business's 50-day moving average is $33.94 and its 200-day moving average is $28.62. Deutsche Bank Aktiengesellschaft has a 1 year low of $16.02 and a 1 year high of $37.54.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new position in Deutsche Bank Aktiengesellschaft during the 2nd quarter worth approximately $719,395,000. GQG Partners LLC acquired a new position in Deutsche Bank Aktiengesellschaft during the 1st quarter worth approximately $470,716,000. Entrust Global Partners L L C acquired a new position in Deutsche Bank Aktiengesellschaft during the 1st quarter worth approximately $365,750,000. Fisher Asset Management LLC raised its stake in Deutsche Bank Aktiengesellschaft by 35.0% during the 2nd quarter. Fisher Asset Management LLC now owns 25,471,401 shares of the bank's stock worth $745,803,000 after buying an additional 6,605,750 shares during the period. Finally, Amundi raised its stake in Deutsche Bank Aktiengesellschaft by 15.3% during the 2nd quarter. Amundi now owns 40,664,519 shares of the bank's stock worth $1,182,931,000 after buying an additional 5,403,011 shares during the period. 27.90% of the stock is owned by institutional investors and hedge funds.

About Deutsche Bank Aktiengesellschaft

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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