Short Interest in Deutsche Bank Aktiengesellschaft (NYSE:DB) Increases By 69.5%

Key Points

• Short interest in Deutsche Bank Aktiengesellschaft (NYSE:DB) surged by 69.5% in August, reaching a total of approximately 10.46 million shares short sold.
• Several hedge funds significantly increased their holdings in DB, with Janus Henderson Group PLC raising its stake by 91.4%, acquiring over 2 million shares.
• Analysts have downgraded Deutsche Bank's stock, with four giving it a "Hold" rating, while the company reported earnings per share of $0.54, missing estimates.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) was the target of a large growth in short interest in August. As of August 15th, there was short interest totaling 10,460,000 shares, agrowthof69.5% from the July 31st total of 6,170,000 shares. Approximately0.6% of the shares of the stock are short sold. Based on an average trading volume of 2,730,000 shares, the days-to-cover ratio is presently 3.8 days. Based on an average trading volume of 2,730,000 shares, the days-to-cover ratio is presently 3.8 days. Approximately0.6% of the shares of the stock are short sold.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of hedge funds have recently modified their holdings of DB. Stifel Financial Corp lifted its holdings in Deutsche Bank Aktiengesellschaft by 16.9% in the fourth quarter. Stifel Financial Corp now owns 65,935 shares of the bank's stock valued at $1,124,000 after buying an additional 9,514 shares during the period. Northern Trust Corp lifted its holdings in Deutsche Bank Aktiengesellschaft by 51.1% in the fourth quarter. Northern Trust Corp now owns 1,437,283 shares of the bank's stock valued at $24,506,000 after buying an additional 486,300 shares during the period. Cetera Investment Advisers lifted its holdings in Deutsche Bank Aktiengesellschaft by 3.9% in the fourth quarter. Cetera Investment Advisers now owns 19,438 shares of the bank's stock valued at $331,000 after buying an additional 738 shares during the period. Janus Henderson Group PLC lifted its holdings in Deutsche Bank Aktiengesellschaft by 91.4% in the fourth quarter. Janus Henderson Group PLC now owns 2,033,793 shares of the bank's stock valued at $35,087,000 after buying an additional 971,402 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in Deutsche Bank Aktiengesellschaft by 11.4% in the fourth quarter. Nuveen Asset Management LLC now owns 3,379,409 shares of the bank's stock valued at $58,229,000 after buying an additional 345,196 shares during the period. Institutional investors and hedge funds own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE DB traded down $0.10 during midday trading on Friday, reaching $35.23. 3,153,594 shares of the company were exchanged, compared to its average volume of 2,330,134. The stock's 50-day moving average price is $33.22 and its 200-day moving average price is $27.98. The stock has a market cap of $70.17 billion, a P/E ratio of 13.39, a PEG ratio of 0.43 and a beta of 1.03. Deutsche Bank Aktiengesellschaft has a one year low of $15.20 and a one year high of $37.54. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DB shares. Kepler Capital Markets downgraded Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Monday, July 28th. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. The Goldman Sachs Group downgraded Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a report on Tuesday, August 26th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Finally, Zacks Research downgraded Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

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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