Deutsche Bank AG (DB) Short Interest Update
Deutsche Bank AG (NYSE:DB) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 43,679,039 shares, a growth of 9.3% from the August 31st total of 39,964,187 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average daily trading volume, of 3,541,030 shares, the days-to-cover ratio is currently 12.3 days.
DB has been the subject of a number of analyst reports. ValuEngine raised shares of Deutsche Bank AG from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. BidaskClub upgraded Deutsche Bank AG from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. DZ Bank AG reiterated a “buy” rating on shares of Deutsche Bank AG in a report on Thursday, July 27th. Macquarie downgraded Deutsche Bank AG from an “outperform” rating to a “neutral” rating and set a $18.03 target price on the stock. in a report on Friday, July 28th. Finally, Zacks Investment Research downgraded Deutsche Bank AG from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Deutsche Bank AG presently has an average rating of “Hold” and an average price target of $18.21.
Institutional investors have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. raised its position in Deutsche Bank AG by 83.6% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 6,132 shares of the bank’s stock valued at $109,000 after buying an additional 2,793 shares during the last quarter. San Francisco Sentry Investment Group CA acquired a new stake in Deutsche Bank AG in the 2nd quarter valued at approximately $130,000. Sei Investments Co. raised its position in Deutsche Bank AG by 49.9% in the 2nd quarter. Sei Investments Co. now owns 8,278 shares of the bank’s stock valued at $147,000 after buying an additional 2,757 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Deutsche Bank AG in the 1st quarter valued at approximately $186,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Deutsche Bank AG in the 1st quarter valued at approximately $197,000. 22.52% of the stock is currently owned by institutional investors and hedge funds.
Deutsche Bank AG (NYSE:DB) opened at 17.21 on Friday. The company has a 50-day moving average price of $16.47 and a 200-day moving average price of $17.47. The firm’s market cap is $35.55 billion. Deutsche Bank AG has a 12-month low of $13.05 and a 12-month high of $20.94.
Deutsche Bank AG Company Profile
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