Deutsche Boerse AG (OTCMKTS:DBOEY) Sees Significant Drop in Short Interest

Key Points

• Deutsche Boerse AG experienced a significant decline in short interest, dropping by 55.5% in September to a total of 28,000 shares.
• Several analysts have mixed views on the stock, with UBS downgrading it to a "hold" rating while Deutsche Bank reiterates a "buy" rating, resulting in an average rating of "hold".
• Recently released earnings showed Deutsche Boerse outperformed expectations, reporting an EPS of $0.34 against a consensus estimate of $0.28, with revenues of $3.51 billion.

Deutsche Boerse AG (OTCMKTS:DBOEY - Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 28,000 shares, a decline of 55.5% from the August 31st total of 62,900 shares. Based on an average daily volume of 314,300 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 314,300 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DBOEY shares. UBS Group downgraded shares of Deutsche Boerse from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 11th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Deutsche Boerse in a research note on Friday, July 11th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold".

Deutsche Boerse Stock Performance

Shares of DBOEY stock traded down $0.38 on Friday, reaching $26.63. 44,810 shares of the company were exchanged, compared to its average volume of 329,792. The company has a market cap of $50.14 billion, a price-to-earnings ratio of 22.76, a P/E/G ratio of 4.76 and a beta of 0.64. The business has a 50-day moving average price of $28.65 and a 200 day moving average price of $30.26. Deutsche Boerse has a 1 year low of $21.72 and a 1 year high of $33.52.

Deutsche Boerse (OTCMKTS:DBOEY - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.06. The business had revenue of $3.51 billion during the quarter, compared to analysts' expectations of $1.52 billion. Deutsche Boerse had a net margin of 30.17% and a return on equity of 19.15%. As a group, equities analysts anticipate that Deutsche Boerse will post 1.12 earnings per share for the current year.

Deutsche Boerse Company Profile

Deutsche Börse AG operates as an exchange organization in Europe, America, and the Asia-Pacific. The company operates through four segments: Data & Analytics; Trading & Clearing; Fund Services; and Securities Services. It engages in the trading of derivatives, electricity and gas products, emission rights, foreign exchange, and commodity products; operating EEX and 360T over the counter trading platform for financial instruments, such as foreign exchange, money market, and interest rate products; and operating as a central counterparty.

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