Deutsche Bank Aktiengesellschaft (NYSE:DB) Short Interest Update

Deutsche Bank Aktiengesellschaft (NYSE:DB) was the target of a large increase in short interest in May. As of May 15th, there was short interest totalling 9,450,000 shares, an increase of 54.7% from the April 30th total of 6,110,000 shares. Based on an average trading volume of 4,450,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.5% of the company’s shares are short sold.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE DB traded up $0.01 during midday trading on Friday, hitting $27.78. The company had a trading volume of 2,622,549 shares, compared to its average volume of 2,403,930. The company has a quick ratio of 0.78, a current ratio of 0.74 and a debt-to-equity ratio of 1.45. The stock has a market cap of $55.34 billion, a price-to-earnings ratio of 19.99 and a beta of 1.00. The firm has a fifty day simple moving average of $25.22 and a two-hundred day simple moving average of $21.39. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $13.70 and a fifty-two week high of $29.07.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Tuesday, April 29th. The bank reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.19. Deutsche Bank Aktiengesellschaft had a net margin of 4.66% and a return on equity of 3.90%. The business had revenue of $8.97 billion for the quarter, compared to analyst estimates of $7.95 billion. Equities analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Institutional investors have recently added to or reduced their stakes in the company. Focus Partners Wealth bought a new position in shares of Deutsche Bank Aktiengesellschaft in the first quarter worth about $795,000. Entrust Global Partners L L C bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the first quarter worth approximately $365,750,000. Zurich Insurance Group Ltd FI bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the first quarter worth approximately $8,279,000. Signature Estate & Investment Advisors LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the first quarter worth approximately $203,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Deutsche Bank Aktiengesellschaft by 149.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 225,872 shares of the bank’s stock worth $5,324,000 after buying an additional 135,224 shares during the last quarter. 27.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Barclays restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Royal Bank of Canada restated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, March 24th. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, March 7th. Cfra Research upgraded shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, April 30th. Finally, Citigroup restated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Deutsche Bank Aktiengesellschaft currently has a consensus rating of “Moderate Buy”.

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.