Deutsche Bank Aktiengesellschaft (NYSE:DB) Short Interest Update

Deutsche Bank Aktiengesellschaft (NYSE:DB) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 7,130,000 shares, a growth of 19.2% from the December 15th total of 5,980,000 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 1,490,000 shares, the days-to-cover ratio is presently 4.8 days.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter worth $26,000. SYSTM Wealth Solutions LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the second quarter worth $31,000. Wilmington Savings Fund Society FSB purchased a new position in Deutsche Bank Aktiengesellschaft in the third quarter valued at $43,000. Benjamin F. Edwards & Company Inc. acquired a new position in Deutsche Bank Aktiengesellschaft during the 2nd quarter worth $135,000. Finally, Allworth Financial LP grew its stake in Deutsche Bank Aktiengesellschaft by 3,738.1% during the 3rd quarter. Allworth Financial LP now owns 8,252 shares of the bank’s stock worth $143,000 after purchasing an additional 8,037 shares in the last quarter. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE:DB traded up $0.32 during midday trading on Friday, hitting $19.09. The company had a trading volume of 1,048,849 shares, compared to its average volume of 976,150. The stock has a market cap of $38.02 billion, a price-to-earnings ratio of 9.79 and a beta of 1.20. Deutsche Bank Aktiengesellschaft has a twelve month low of $12.43 and a twelve month high of $19.14. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.78 and a quick ratio of 0.78. The business’s 50-day simple moving average is $17.30 and its 200-day simple moving average is $16.74.

About Deutsche Bank Aktiengesellschaft

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.