Deutsche Bank Aktiengesellschaft (NYSE:DB) Short Interest Up 19.2% in December

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

Deutsche Bank Aktiengesellschaft Stock Up 1.7 %

Shares of NYSE DB traded up $0.32 during mid-day trading on Friday, reaching $19.09. 1,048,849 shares of the company were exchanged, compared to its average volume of 976,150. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.47. 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 1 year low of $12.43 and a 1 year high of $19.14. The firm has a 50-day moving average of $17.30 and a 200 day moving average of $16.74.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of hedge funds have recently bought and sold shares of DB. Legal & General Group Plc lifted its position in shares of Deutsche Bank Aktiengesellschaft by 8,267.7% in the second quarter. Legal & General Group Plc now owns 20,181,236 shares of the bank’s stock valued at $322,438,000 after acquiring an additional 19,940,056 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Deutsche Bank Aktiengesellschaft by 31,975.7% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 5,259,492 shares of the bank’s stock valued at $91,042,000 after purchasing an additional 5,275,992 shares during the period. Marshall Wace LLP raised its position in Deutsche Bank Aktiengesellschaft by 102.7% in the second quarter. Marshall Wace LLP now owns 4,778,014 shares of the bank’s stock valued at $76,353,000 after purchasing an additional 2,420,905 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Deutsche Bank Aktiengesellschaft by 23.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,546,283 shares of the bank’s stock valued at $44,042,000 after purchasing an additional 483,788 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in Deutsche Bank Aktiengesellschaft by 24.5% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 2,240,124 shares of the bank’s stock valued at $38,746,000 after purchasing an additional 440,513 shares during the period. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

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.