Deutsche Pfandbriefbank AG (OTCMKTS:PBBGF) Stock Short Interest Drops 46.1%

Deutsche Pfandbriefbank AG (OTCMKTS:PBBGF) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 50,552 shares, a drop of 46.1% from the September 15th total of 93,703 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Deutsche Pfandbriefbank Price Performance

PBBGF opened at $3.90 on Wednesday. The stock has a 50-day moving average price of $3.90 and a 200-day moving average price of $4.16. Deutsche Pfandbriefbank has a 1 year low of $3.70 and a 1 year high of $3.97.

Deutsche Pfandbriefbank Company Profile

Deutsche Pfandbriefbank AG, commonly known as pbb, is a Germany-based specialist bank focused on commercial real estate finance and public-sector financing. The bank provides loans and tailored financing solutions for properties such as offices, retail centers, hotels, logistics facilities and residential real estate.

pbb also raises funding through the issuance of German Pfandbriefe and other capital-market instruments. Its public-sector business supports financing for public authorities and infrastructure-related projects, complementing its real estate lending activities.

The bank serves institutional property investors, developers, companies and public-sector borrowers in selected markets across Europe and North America, with Germany forming an important part of its business.