Deutsche Bank AG (NYSE:DB) Sees Significant Growth in Short Interest
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.
Deutsche Bank AG Company Profile
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