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

Key Points

• Short interest in Deutsche Bank rose 70.6% to 6.13 million shares as of July 31, representing about 0.3% of shares outstanding and 3.1 days to cover.
• Analyst sentiment remains mixed, with four Buy, five Hold, and one Sell rating; the consensus rating is Hold with an average price target of $43.00.
• The stock traded down 1.1% to $38.13, while the bank reported quarterly EPS of $0.66—below the $0.91 estimate—but revenue of $9.68 billion exceeded expectations.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) 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. Approximately 0.3% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

DB has been the topic of a number of research reports. Oddo Bhf upgraded shares of Deutsche Bank Aktiengesellschaft to an "outperform" rating in a research report on Friday, May 8th. Barclays cut shares of Deutsche Bank Aktiengesellschaft from an "overweight" rating to an "equal weight" rating in a research report on Monday, April 20th. Weiss Ratings raised Deutsche Bank Aktiengesellschaft from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, July 29th. Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research note on Saturday, June 6th. Finally, Zacks Research downgraded Deutsche Bank Aktiengesellschaft from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Deutsche Bank Aktiengesellschaft has a consensus rating of "Hold" and an average price target of $43.00.

Deutsche Bank Aktiengesellschaft Trading Down 1.1%

DB stock traded down $0.43 during midday trading on Monday, reaching $38.13. The company's stock had a trading volume of 1,452,252 shares, compared to its average volume of 2,931,622. The business's 50-day simple moving average is $35.50 and its 200-day simple moving average is $33.84. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.35. Deutsche Bank Aktiengesellschaft has a 52 week low of $28.12 and a 52 week high of $40.43. The stock has a market cap of $73.97 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 0.54 and a beta of 0.94.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its earnings results on Thursday, July 30th. The bank reported $0.66 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.25). Deutsche Bank Aktiengesellschaft had a net margin of 11.53% and a return on equity of 8.46%. The business had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.30 billion. As a group, sell-side analysts expect that Deutsche Bank Aktiengesellschaft will post 3.88 EPS for the current year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DB. Pinnacle Holdings LLC acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter worth about $841,000. Plato Investment Management Ltd acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at approximately $1,244,000. Valeo Financial Advisors LLC boosted its stake in Deutsche Bank Aktiengesellschaft by 43.2% during the 2nd quarter. Valeo Financial Advisors LLC now owns 9,756 shares of the bank's stock worth $329,000 after acquiring an additional 2,943 shares during the last quarter. Gradient Investments LLC grew its holdings in Deutsche Bank Aktiengesellschaft by 7.7% during the second quarter. Gradient Investments LLC now owns 160,989 shares of the bank's stock valued at $5,435,000 after purchasing an additional 11,530 shares during the period. Finally, GAMMA Investing LLC increased its stake in Deutsche Bank Aktiengesellschaft by 51.6% in the second quarter. GAMMA Investing LLC now owns 814 shares of the bank's stock valued at $27,000 after purchasing an additional 277 shares in the last quarter. Institutional investors own 27.90% of the company's stock.

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.

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