Short Interest in Deutsche Bank Aktiengesellschaft (NYSE:DB) Decreases By 27.9%

Key Points

• Short interest in Deutsche Bank Aktiengesellschaft has decreased by 27.9% in September, dropping from 12,000,000 shares to 8,650,000 shares.
• Wall Street analysts have given the stock an average rating of "Hold," with varying ratings, including one Strong Buy, four Buy, five Hold, and one Sell.
• Despite a trading increase of 0.9% to $33.48, Deutsche Bank Aktiengesellschaft reported missed quarterly earnings with EPS of $0.54, underperforming the estimated $0.78.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 8,650,000 shares, a decline of 27.9% from the September 15th total of 12,000,000 shares. Based on an average trading volume of 2,480,000 shares, the days-to-cover ratio is presently 3.5 days. Currently, 0.5% of the shares of the stock are short sold. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 2,480,000 shares, the days-to-cover ratio is presently 3.5 days.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DB shares. Citigroup reiterated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. Kepler Capital Markets downgraded Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 28th. The Goldman Sachs Group downgraded Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a research report on Tuesday, August 26th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Finally, Barclays raised Deutsche Bank Aktiengesellschaft to a "strong-buy" rating in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold".

Deutsche Bank Aktiengesellschaft Trading Up 0.9%

Shares of NYSE DB traded up $0.29 during trading hours on Thursday, hitting $33.48. 885,773 shares of the company traded hands, compared to its average volume of 3,037,969. The stock has a market capitalization of $66.68 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 1.03 and a beta of 0.98. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39. The company's 50 day moving average price is $35.63 and its 200 day moving average price is $30.81. Deutsche Bank Aktiengesellschaft has a 12 month low of $16.02 and a 12 month high of $37.86.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last posted 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). Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. The business had revenue of $9.21 billion for the quarter, compared to analysts' expectations of $7.80 billion. On average, equities research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Deutsche Bank Aktiengesellschaft by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 79,404,821 shares of the bank's stock valued at $1,892,773,000 after acquiring an additional 370,319 shares during the period. Deutsche Bank AG boosted its holdings in Deutsche Bank Aktiengesellschaft by 10.0% during the 1st quarter. Deutsche Bank AG now owns 47,662,928 shares of the bank's stock valued at $1,135,808,000 after acquiring an additional 4,322,086 shares during the period. Amundi boosted its holdings in Deutsche Bank Aktiengesellschaft by 15.3% during the 2nd quarter. Amundi now owns 40,664,519 shares of the bank's stock valued at $1,182,931,000 after acquiring an additional 5,403,011 shares during the period. Fisher Asset Management LLC boosted its holdings 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 valued at $745,803,000 after acquiring an additional 6,605,750 shares during the period. Finally, Norges Bank purchased a new position in Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at $719,395,000. Hedge funds and other institutional investors own 27.90% of the company's stock.

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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