Deutsche Bank Aktiengesellschaft (NYSE:DB) Short Interest Up 24.0% in December

Deutsche Bank Aktiengesellschaft (NYSE:DB) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 9,263,893 shares, an increase of 24.0% from the November 30th total of 7,470,008 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,435,535 shares, the days-to-cover ratio is currently 3.8 days. Based on an average daily trading volume, of 2,435,535 shares, the days-to-cover ratio is currently 3.8 days. Currently, 0.5% of the shares of the stock are sold short.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE DB traded down $0.19 during trading on Wednesday, reaching $38.62. The company had a trading volume of 497,155 shares, compared to its average volume of 2,915,891. Deutsche Bank Aktiengesellschaft has a 52 week low of $16.97 and a 52 week high of $39.78. The business’s 50 day moving average price is $36.48 and its 200-day moving average price is $34.56. The stock has a market cap of $76.94 billion, a PE ratio of 14.26, a PEG ratio of 0.41 and a beta of 0.95. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.78 and a current ratio of 0.78.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Wednesday, October 29th. The bank reported $0.97 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $7.75 billion. Analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on DB shares. Barclays upgraded Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Friday, October 10th. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, November 24th. Wall Street Zen upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Jefferies Financial Group assumed coverage on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, October 20th. They set a “hold” rating on the stock. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Several large investors have recently made changes to their positions in the company. Legacy Capital Group California Inc. raised its position in shares of Deutsche Bank Aktiengesellschaft by 2.2% in the 3rd quarter. Legacy Capital Group California Inc. now owns 12,368 shares of the bank’s stock valued at $438,000 after acquiring an additional 264 shares during the period. Evergreen Capital Management LLC increased its stake in Deutsche Bank Aktiengesellschaft by 1.9% in 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 in the last quarter. Cresset Asset Management LLC raised its holdings in Deutsche Bank Aktiengesellschaft by 2.4% in the third quarter. Cresset Asset Management LLC now owns 11,955 shares of the bank’s stock worth $423,000 after purchasing an additional 285 shares during the period. Baron Wealth Management LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 1.1% during the third quarter. Baron Wealth Management LLC now owns 27,401 shares of the bank’s stock worth $970,000 after purchasing an additional 302 shares in the last quarter. Finally, HB Wealth Management LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 3.5% in the 3rd quarter. HB Wealth Management LLC now owns 9,057 shares of the bank’s stock valued at $321,000 after buying an additional 304 shares during the period. Institutional investors and hedge funds own 27.90% of the company’s stock.

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.