Deutsche Bank Aktiengesellschaft (NYSE:DB) Sees Large Increase in Short Interest

Deutsche Bank Aktiengesellschaft (NYSE:DB) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 9,390,000 shares, an increase of 8.7% from the May 31st total of 8,640,000 shares. Based on an average daily volume of 2,510,000 shares, the days-to-cover ratio is presently 3.7 days. Currently, 0.5% of the shares of the company are sold short.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft by 6.4% during the third quarter. FMR LLC now owns 1,066,415 shares of the bank’s stock worth $11,782,000 after purchasing an additional 64,136 shares in the last quarter. Mariner LLC boosted its position in Deutsche Bank Aktiengesellschaft by 1.3% in the 3rd quarter. Mariner LLC now owns 116,849 shares of the bank’s stock valued at $1,284,000 after buying an additional 1,447 shares during the last quarter. Natixis Advisors L.P. raised its position in shares of Deutsche Bank Aktiengesellschaft by 19.1% during the third quarter. Natixis Advisors L.P. now owns 210,579 shares of the bank’s stock worth $2,314,000 after acquiring an additional 33,793 shares during the last quarter. Royal London Asset Management Ltd. boosted its holdings in Deutsche Bank Aktiengesellschaft by 6.9% in the third quarter. Royal London Asset Management Ltd. now owns 323,763 shares of the bank’s stock valued at $3,558,000 after acquiring an additional 20,975 shares during the last quarter. Finally, Employees Retirement System of Texas acquired a new stake in Deutsche Bank Aktiengesellschaft in the third quarter worth about $406,000. 27.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DB. StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Monday, March 18th. Morgan Stanley raised shares of Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, March 27th. Finally, Erste Group Bank raised Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Deutsche Bank Aktiengesellschaft has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE DB traded up $0.62 during midday trading on Wednesday, reaching $17.03. 1,313,924 shares of the company traded hands, compared to its average volume of 2,798,381. Deutsche Bank Aktiengesellschaft has a 12 month low of $9.82 and a 12 month high of $17.95. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.80 and a current ratio of 0.80. The stock’s 50-day simple moving average is $16.54 and its 200-day simple moving average is $14.94. The firm has a market cap of $35.20 billion, a PE ratio of 7.43, a PEG ratio of 0.88 and a beta of 1.22.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings results on Thursday, April 25th. The bank reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.09. The firm had revenue of $8.45 billion during the quarter, compared to the consensus estimate of $8.13 billion. Deutsche Bank Aktiengesellschaft had a net margin of 6.68% and a return on equity of 5.47%. As a group, equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.25 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, May 21st. Investors of record on Thursday, May 16th were given a dividend of $0.3313 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a yield of 2.05%.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.