Deutsche Bank Aktiengesellschaft (NYSE:DB) Sees Significant Decrease in Short Interest

Deutsche Bank Aktiengesellschaft (NYSE:DB) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 5,295,664 shares, a drop of 42.8% from the December 15th total of 9,263,893 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 1,846,268 shares, the short-interest ratio is currently 2.9 days. Based on an average daily volume of 1,846,268 shares, the short-interest ratio is currently 2.9 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Several hedge funds and other institutional investors have recently made changes to their positions in DB. Root Financial Partners LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft in the third quarter worth about $27,000. Salomon & Ludwin LLC grew its holdings in Deutsche Bank Aktiengesellschaft by 2,807.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock valued at $28,000 after buying an additional 758 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in Deutsche Bank Aktiengesellschaft in the 2nd quarter worth approximately $25,000. Triumph Capital Management acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the third quarter worth approximately $32,000. Finally, Cary Street Partners Investment Advisory LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 61.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock valued at $38,000 after acquiring an additional 413 shares during the period. 27.90% of the stock is owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Stock Performance

DB stock traded down $0.29 during midday trading on Thursday, hitting $38.90. 3,466,574 shares of the company traded hands, compared to its average volume of 1,843,394. Deutsche Bank Aktiengesellschaft has a twelve month low of $18.56 and a twelve month high of $39.82. The stock has a market capitalization of $78.07 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 0.36 and a beta of 0.96. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.40. The business has a 50 day simple moving average of $37.41 and a 200-day simple moving average of $35.34.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings data on Wednesday, October 29th. The bank reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.16. Deutsche Bank Aktiengesellschaft had a net margin of 7.99% and a return on equity of 5.97%. The business had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $7.75 billion. As a group, equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DB. Barclays raised Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, October 8th. Zacks Research cut shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Jefferies Financial Group began coverage on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, October 20th. They issued a “hold” rating for the company. Finally, Wall Street Zen upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. One investment 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank’s core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.