Deutsche Bank (DB) Short Interest Update

Deutsche Bank (NYSE:DB) was the target of a significant increase in short interest in March. As of March 29th, there was short interest totalling 40,303,065 shares, an increase of 12.0% from the March 15th total of 35,970,429 shares. Based on an average daily volume of 6,615,392 shares, the days-to-cover ratio is currently 6.1 days. Approximately 2.3% of the shares of the company are short sold.

Large investors have recently added to or reduced their stakes in the stock. Elkfork Partners LLC acquired a new position in Deutsche Bank during the fourth quarter worth about $141,000. Mandatum Life Insurance Co Ltd acquired a new position in Deutsche Bank during the fourth quarter worth about $160,000. First Republic Investment Management Inc. acquired a new position in Deutsche Bank during the third quarter worth about $180,000. Private Advisor Group LLC purchased a new position in Deutsche Bank in the 3rd quarter worth about $195,000. Finally, Two Sigma Securities LLC purchased a new position in Deutsche Bank in the 4th quarter worth about $244,000. 25.00% of the stock is currently owned by hedge funds and other institutional investors.

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A number of brokerages recently weighed in on DB. DZ Bank restated a “buy” rating on shares of Deutsche Bank in a research note on Tuesday, April 10th. HSBC cut shares of Deutsche Bank from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. ValuEngine cut shares of Deutsche Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Bank of America raised Deutsche Bank from an “underperform” rating to a “neutral” rating in a report on Monday, February 19th. Finally, Citigroup reaffirmed a “sell” rating on shares of Deutsche Bank in a report on Tuesday, December 19th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $18.08.

NYSE:DB opened at $14.33 on Tuesday. The stock has a market cap of $29,720.20, a P/E ratio of -23.88 and a beta of 1.44. Deutsche Bank has a 52-week low of $13.52 and a 52-week high of $20.23. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.44.

Deutsche Bank (NYSE:DB) last released its earnings results on Friday, March 16th. The bank reported ($1.35) earnings per share (EPS) for the quarter. The firm had revenue of $6.72 billion for the quarter. Deutsche Bank had a negative return on equity of 1.28% and a negative net margin of 2.34%. sell-side analysts anticipate that Deutsche Bank will post 1.21 earnings per share for the current fiscal year.

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Deutsche Bank Company Profile

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, affluent clients, and small and medium sized corporate clients worldwide. The company's Global Markets segment offers financial markets' products, such as bonds, equities and equity-linked products, exchange-traded and over-the-counter derivatives, foreign exchange, money market instruments, and structured products.

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