Deutsche Bank AG (NYSE:DB) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 24,562,229 shares, a growth of 12.0% from the July 14th total of 21,937,560 shares. Based on an average daily volume of 4,016,123 shares, the days-to-cover ratio is currently 6.1 days. Approximately 1.2% of the shares of the company are sold short.

Deutsche Bank AG (NYSE DB) opened at 17.29 on Tuesday. Deutsche Bank AG has a 52-week low of $11.19 and a 52-week high of $20.94. The company’s market cap is $35.71 billion. The firm has a 50-day moving average price of $18.24 and a 200-day moving average price of $18.27.

Institutional investors have recently made changes to their positions in the stock. San Francisco Sentry Investment Group CA purchased a new position in shares of Deutsche Bank AG during the second quarter valued at approximately $130,000. Capital Research Global Investors purchased a new position in shares of Deutsche Bank AG during the second quarter valued at approximately $22,342,000. Capital World Investors raised its position in shares of Deutsche Bank AG by 82.3% in the second quarter. Capital World Investors now owns 23,884,260 shares of the bank’s stock valued at $423,513,000 after buying an additional 10,784,260 shares during the period. Third Avenue Management LLC purchased a new position in shares of Deutsche Bank AG during the second quarter valued at approximately $7,116,000. Finally, QS Investors LLC raised its position in shares of Deutsche Bank AG by 68.8% in the second quarter. QS Investors LLC now owns 13,929 shares of the bank’s stock valued at $248,000 after buying an additional 5,677 shares during the period. Hedge funds and other institutional investors own 16.44% of the company’s stock.

Several equities research analysts have issued reports on the company. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Deutsche Bank AG in a report on Tuesday, May 23rd. DZ Bank AG reaffirmed a “buy” rating on shares of Deutsche Bank AG in a report on Thursday, July 27th. BidaskClub raised Deutsche Bank AG from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Macquarie downgraded Deutsche Bank AG from an “outperform” rating to a “neutral” rating and set a $18.03 price target for the company. 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. Seven research analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $18.21.

TRADEMARK VIOLATION NOTICE: “Deutsche Bank AG (NYSE:DB) Sees Significant Growth in Short Interest” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://www.watchlistnews.com/deutsche-bank-ag-nysedb-sees-significant-growth-in-short-interest/1488389.html.

Deutsche Bank AG Company Profile

Receive News & Ratings for Deutsche Bank AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Bank AG and related companies with Analyst Ratings Network's FREE daily email newsletter.