Deutsche Bank AG (NYSE:DB) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 48,604,237 shares, an increase of 15.4% from the October 14th total of 42,101,482 shares. Currently, 3.6% of the shares of the stock are sold short. Based on an average daily volume of 7,080,628 shares, the days-to-cover ratio is currently 6.9 days.

A number of hedge funds and other institutional investors have recently bought and sold shares of DB. Rhumbline Advisers boosted its position in Deutsche Bank AG by 0.5% in the second quarter. Rhumbline Advisers now owns 15,415 shares of the company’s stock valued at $212,000 after buying an additional 74 shares during the period. Highland Capital Management LLC boosted its stake in shares of Deutsche Bank AG by 0.3% in the third quarter. Highland Capital Management LLC now owns 39,822 shares of the company’s stock valued at $521,000 after buying an additional 100 shares during the last quarter. Creative Planning boosted its stake in shares of Deutsche Bank AG by 29.9% in the second quarter. Creative Planning now owns 7,392 shares of the company’s stock valued at $101,000 after buying an additional 1,700 shares during the last quarter. Comerica Bank boosted its stake in shares of Deutsche Bank AG by 2.7% in the second quarter. Comerica Bank now owns 76,576 shares of the company’s stock valued at $1,051,000 after buying an additional 1,985 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Deutsche Bank AG by 18.9% in the second quarter. Oppenheimer & Co. Inc. now owns 12,582 shares of the company’s stock valued at $172,000 after buying an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 24.75% of the company’s stock.

DB has been the topic of several research analyst reports. DZ Bank AG reiterated a “neutral” rating on shares of Deutsche Bank AG in a research report on Wednesday, July 27th. Bank of America Corp. cut Deutsche Bank AG from a “neutral” rating to an “underperform” rating in a research report on Friday, July 29th. Societe Generale reiterated a “sell” rating on shares of Deutsche Bank AG in a research report on Monday, August 1st. Barclays PLC reiterated a “neutral” rating on shares of Deutsche Bank AG in a research report on Monday, August 1st. Finally, Santander cut Deutsche Bank AG from a “hold” rating to an “underweight” rating in a research report on Tuesday, September 6th. Six research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the stock. Deutsche Bank AG presently has a consensus rating of “Hold” and a consensus target price of $15.63.

Shares of Deutsche Bank AG (NYSE:DB) opened at 16.19 on Monday. Deutsche Bank AG has a 52-week low of $11.19 and a 52-week high of $26.61. The firm’s market cap is $22.32 billion. The company’s 50-day moving average price is $13.74 and its 200-day moving average price is $14.79.

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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