Deutsche Bank AG (DB) Short Interest Up 13.1% in October

Deutsche Bank AG (NYSE:DB) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 45,965,288 shares, an increase of 13.1% from the October 13th total of 40,649,134 shares. Based on an average daily trading volume, of 4,103,935 shares, the short-interest ratio is presently 11.2 days. Approximately 2.3% of the shares of the stock are short sold.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale grew its holdings in Deutsche Bank AG by 33.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 27,368,588 shares of the bank’s stock valued at $491,602,000 after purchasing an additional 6,923,038 shares during the period. Capital World Investors grew its holdings in Deutsche Bank AG by 82.3% during the second quarter. Capital World Investors now owns 23,884,260 shares of the bank’s stock valued at $423,513,000 after purchasing an additional 10,784,260 shares during the period. Russell Investments Group Ltd. grew its holdings in Deutsche Bank AG by 4.4% during the second quarter. Russell Investments Group Ltd. now owns 2,909,133 shares of the bank’s stock valued at $51,669,000 after purchasing an additional 123,207 shares during the period. State of Wisconsin Investment Board grew its holdings in Deutsche Bank AG by 15.0% during the second quarter. State of Wisconsin Investment Board now owns 2,483,514 shares of the bank’s stock valued at $43,976,000 after purchasing an additional 323,424 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Deutsche Bank AG by 227.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,351,833 shares of the bank’s stock valued at $40,676,000 after purchasing an additional 1,634,532 shares during the period. Hedge funds and other institutional investors own 22.21% of the company’s stock.

Deutsche Bank AG (NYSE DB) opened at $17.93 on Tuesday. The stock has a market cap of $37,077.91, a P/E ratio of 12.04 and a beta of 1.37. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.84 and a current ratio of 0.84. Deutsche Bank AG has a 1-year low of $15.09 and a 1-year high of $20.94.

A number of research firms have commented on DB. Zacks Investment Research upgraded shares of Deutsche Bank AG from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Macquarie downgraded shares of Deutsche Bank AG from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 15th. HSBC Holdings plc raised shares of Deutsche Bank AG from a “reduce” rating to a “hold” rating and set a $14.00 target price for the company in a research note on Thursday, September 21st. ValuEngine raised shares of Deutsche Bank AG from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Finally, DZ Bank AG reaffirmed a “buy” rating on shares of Deutsche Bank AG in a research note on Thursday, July 27th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $18.21.

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