Deutsche Boerse AG (OTCMKTS:DBOEY) Sees Significant Decline in Short Interest

Deutsche Boerse AG (OTCMKTS:DBOEY) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 13,380 shares, a decline of 36.5% from the September 15th total of 21,063 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 254,366 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reissued a “sector perform” rating on shares of Deutsche Boerse in a report on Monday, August 17th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Deutsche Boerse Trading Up 1.0%

OTCMKTS DBOEY opened at $34.19 on Friday. The firm has a market capitalization of $61.64 billion, a P/E ratio of 23.34, a PEG ratio of 2.08 and a beta of 0.43. The business has a fifty day simple moving average of $32.53 and a 200 day simple moving average of $30.42. Deutsche Boerse has a 12 month low of $23.25 and a 12 month high of $34.63.

Deutsche Boerse (OTCMKTS:DBOEY) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Deutsche Boerse had a net margin of 33.04% and a return on equity of 20.33%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.82 billion. As a group, sell-side analysts predict that Deutsche Boerse will post 1.42 EPS for the current fiscal year.

About Deutsche Boerse

Deutsche Börse AG is a Germany-based financial market infrastructure provider that operates organized markets and related services for securities, derivatives, commodities and other financial instruments. Through its trading platforms, the company supports the issuance, trading and management of financial products for institutional investors, banks, companies and other market participants.

Its businesses include cash and derivatives trading, clearing, settlement and custody, as well as collateral management, securities financing, market data, analytics and index services.