Short Interest Alert: Is Deutsche Bank Aktiengesellschaft (NYSE:DB)’s Fuel Running Low? Reports Show More Sellers

November 24, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Alert: Is Deutsche Bank Aktiengesellschaft (NYSE:DB)’s Fuel Running Low? Reports Show More Sellers

The stock of Deutsche Bank Aktiengesellschaft (NYSE:DB) registered an increase of 15.45% in short interest. DB’s total short interest was 48.60M shares in November as published by FINRA. Its up 15.45% from 42.10 million shares, reported previously. With 7.08 million shares average volume, it will take short sellers 7 days to cover their DB’s short positions. The short interest to Deutsche Bank Aktiengesellschaft’s float is 3.87%. The stock decreased 0.82% or $0.13 on November 23, hitting $15.79. About 5.31M shares traded hands. Deutsche Bank AG (USA) (NYSE:DB) has declined 16.41% since April 22, 2016 and is downtrending. It has underperformed by 21.82% the S&P500.

Deutsche Bank AG is a global investment bank. The company has a market cap of $21.66 billion. The Bank is engaged in providing commercial and investment banking, retail banking, transaction banking and asset and wealth management services and products to firms, governments, institutional investors, small and medium-sized businesses, and private individuals. It currently has negative earnings. It operates through four business divisions: Global Markets ; Corporate & Investment Banking (CIB); Deutsche Asset Management; Private, Wealth & Commercial Clients (PW&CC).

Deutsche Bank AG (USA) (NYSE:DB) Ratings Coverage

Out of 11 analysts covering Deutsche Bank AG (NYSE:DB), 2 rate it a “Buy”, 5 “Sell”, while 4 “Hold”. This means 18% are positive. Deutsche Bank AG has been the topic of 13 analyst reports since September 17, 2015 according to StockzIntelligence Inc. The company was downgraded on Friday, November 13 by Citigroup. Wood downgraded the shares of DB in a report on Friday, April 29 to “Underperform” rating. Keefe Bruyette & Woods downgraded Deutsche Bank AG (USA) (NYSE:DB) on Friday, April 29 to “Underperform” rating. The rating was upgraded by Kepler Cheuvreux to “Buy” on Monday, October 5. Credit Suisse initiated Deutsche Bank AG (USA) (NYSE:DB) on Monday, September 19 with “Underperform” rating. On Wednesday, October 28 the stock rating was downgraded by JP Morgan to “Neutral”. The company was upgraded on Thursday, January 7 by Barclays Capital. The firm earned “Underperform” rating on Friday, July 29 by Bank of America. The firm earned “Equal-Weight” rating on Thursday, June 9 by Barclays Capital. The firm earned “Sector Perform” rating on Thursday, June 2 by RBC Capital Markets.

More news for Deutsche Bank AG (USA) (NYSE:DB) were recently published by: Wsj.com, which released: “Deutsche Bank Shrinks US Business as Harsher Regulations Loom” on November 15, 2016. Etfdailynews.com‘s article titled: “Moody’s: Deutsche Bank Nearing “Default Point”” and published on October 27, 2016 is yet another important article.

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By Pete Kolinski


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