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

Deutsche Bank Aktiengesellschaft (NYSE:DB) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 6,131,432 shares, a growth of 70.6% from the July 15th total of 3,593,604 shares. Based on an average daily trading volume, of 1,984,030 shares, the short-interest ratio is currently 3.1 days. Currently, 0.3% of the company’s shares are sold short.

Deutsche Bank Aktiengesellschaft Stock Down 1.1%

DB traded down $0.43 during trading on Monday, hitting $38.13. The company had a trading volume of 1,452,252 shares, compared to its average volume of 2,931,622. The company has a market capitalization of $73.97 billion, a PE ratio of 10.17, a PEG ratio of 0.54 and a beta of 0.94. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.35. Deutsche Bank Aktiengesellschaft has a one year low of $28.12 and a one year high of $40.43. The firm’s 50-day moving average price is $35.50 and its 200 day moving average price is $33.84.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Thursday, July 30th. The bank reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.25). The firm had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.30 billion. Deutsche Bank Aktiengesellschaft had a net margin of 11.53% and a return on equity of 8.46%. As a group, equities analysts expect that Deutsche Bank Aktiengesellschaft will post 3.88 earnings per share for the current year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Several institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 51.6% during the 2nd quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock worth $27,000 after purchasing an additional 277 shares during the period. Evergreen Capital Management LLC grew its holdings in Deutsche Bank Aktiengesellschaft by 1.9% during the second quarter. Evergreen Capital Management LLC now owns 15,436 shares of the bank’s stock valued at $452,000 after purchasing an additional 282 shares during the period. Cresset Asset Management LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 2.4% in the third quarter. Cresset Asset Management LLC now owns 11,955 shares of the bank’s stock valued at $423,000 after buying an additional 285 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 2.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 14,636 shares of the bank’s stock valued at $568,000 after buying an additional 323 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Deutsche Bank Aktiengesellschaft by 1.1% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 48,405 shares of the bank’s stock valued at $1,866,000 after buying an additional 548 shares during the last quarter. Institutional investors own 27.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on DB. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 30th. Citigroup restated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 20th. Zacks Research lowered Deutsche Bank Aktiengesellschaft from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 29th. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, July 30th. Finally, Weiss Ratings raised Deutsche Bank Aktiengesellschaft from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Deutsche Bank Aktiengesellschaft currently has an average rating of “Hold” and an average target price of $43.00.

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.