Deutsche Bank AG (NYSE:DB) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 47,026,103 shares, an increase of 21.7% from the September 15th total of 38,652,398 shares. Based on an average daily volume of 21,051,245 shares, the short-interest ratio is presently 2.2 days. Currently, 3.5% of the shares of the company are sold short.

Shares of Deutsche Bank AG (NYSE:DB) opened at 13.43 on Friday. The stock’s 50 day moving average is $13.64 and its 200 day moving average is $15.19. The stock’s market capitalization is $18.36 billion. Deutsche Bank AG has a 52 week low of $11.19 and a 52 week high of $30.82.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Midas Management Corp bought a new position in Deutsche Bank AG during the second quarter valued at about $960,000. FNY Managed Accounts LLC bought a new position in Deutsche Bank AG during the second quarter valued at about $1,716,000. Deltec Asset Management LLC bought a new position in Deutsche Bank AG during the second quarter valued at about $2,650,000. Bank of Montreal Can bought a new position in Deutsche Bank AG during the second quarter valued at about $2,746,000. Finally, Lesa Sroufe & Co boosted its position in Deutsche Bank AG by 59.4% in the second quarter. Lesa Sroufe & Co now owns 200,446 shares of the company’s stock valued at $2,752,000 after buying an additional 74,695 shares during the period. Institutional investors and hedge funds own 24.68% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Vetr downgraded shares of Deutsche Bank AG from a “strong-buy” rating to a “buy” rating and set a $16.96 price target for the company. in a research report on Monday, June 20th. HSBC reiterated a “hold” rating on shares of Deutsche Bank AG in a research report on Monday, September 12th. Santander downgraded shares of Deutsche Bank AG from a “hold” rating to an “underweight” rating in a research report on Tuesday, September 6th. Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Deutsche Bank AG in a research report on Friday, September 16th. Finally, DZ Bank AG reiterated a “neutral” rating on shares of Deutsche Bank AG in a research report on Friday, September 16th. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $18.99.

Deutsche Bank AG Company Profile

Deutsche Bank AG is a global investment bank. The Bank is engaged in providing commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals.

5 Day Chart for NYSE:DB

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