Deutsche Bank Aktiengesellschaft (NYSE:DB) Short Interest Down 28.6% in May

Deutsche Bank Aktiengesellschaft (NYSE:DB) was the recipient of a large drop in short interest in May. As of May 31st, there was short interest totalling 6,750,000 shares, a drop of 28.6% from the May 15th total of 9,450,000 shares. Based on an average daily volume of 3,720,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.4% of the company’s shares are short sold.

Deutsche Bank Aktiengesellschaft Stock Up 2.0%

DB opened at $28.10 on Tuesday. The business has a 50 day moving average price of $26.41 and a 200 day moving average price of $22.29. Deutsche Bank Aktiengesellschaft has a twelve month low of $13.70 and a twelve month high of $29.07. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.74. The firm has a market cap of $55.97 billion, a P/E ratio of 20.21 and a beta of 0.98.

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

Institutional Trading of Deutsche Bank Aktiengesellschaft

Several institutional investors have recently bought and sold shares of the stock. Callan Family Office LLC acquired a new position in Deutsche Bank Aktiengesellschaft during the 4th quarter worth about $1,320,000. Plato Investment Management Ltd raised its holdings in Deutsche Bank Aktiengesellschaft by 53.7% during the 4th quarter. Plato Investment Management Ltd now owns 383,517 shares of the bank’s stock worth $6,632,000 after purchasing an additional 133,960 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Deutsche Bank Aktiengesellschaft by 2.9% during the 4th quarter. Bank of New York Mellon Corp now owns 3,132,515 shares of the bank’s stock worth $53,409,000 after purchasing an additional 88,606 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Deutsche Bank Aktiengesellschaft during the 4th quarter worth about $6,464,000. Finally, Gemsstock Ltd. bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter valued at about $15,498,000. Institutional investors and hedge funds own 27.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Bank of America assumed coverage on Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They issued a “buy” rating on the stock. Royal Bank of Canada restated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, March 24th. Cfra Research upgraded Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, March 7th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

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.