Deutsche Bank AG June 15th Short Interest Update

Deutsche Bank AG (NYSE:DB), A rise of 3,284,555 shares or 18.7% was seen in the short interest of Deutsche Bank Aktiengesellscha. Even as the interest increased from 17,594,976 shares on May 31,2016 to 20,879,531 shares on June 15,2016, the days to cover came in at 5. The updated interest stood at 1.6% of the stocks floats. The stock has seen an average daily volume of 4,011,071 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Deutsche Bank AG (NYSE:DB): The stock opened at $14.63 on Friday but the bulls could not build on the opening and the stock topped out at $15.31 for the day. The stock traded down to $14.62 during the day, due to lack of any buying support eventually closed down at $14.72 with a loss of -17.49% for the day. The stock had closed at $17.84 on the previous day. The total traded volume was 18,288,294 shares.

The company shares have dropped -51.10% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $35.38 and the one year low was seen on Jun 16, 2016. The 50-Day Moving Average price is $16.68 and the 200 Day Moving Average price is recorded at $18.64.

Deutsche Bank AG (NYSE:DB) has tumbled 5.76% during the past week and has dropped 18.81% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4.2%. Deutsche Bank AG (NYSE:DB) has underperformed the index by 16.35% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Deutsche Bank AG is a global investment bank, which offers a range of products and services in investment, corporate and retail banking, as well as in asset and wealth management. The Group operates through five corporate divisions: Corporate Banking & Securities (CB&S), Private & Business Clients (PBC), Global Transaction Banking (GTB), Deutsche Asset & Wealth Management (Deutsche AWM) and Non-Core Operations Unit (NCOU). CB&S consists of two business divisions, Corporate Finance and Markets, which offers a range of financial products. PBC consists of three business units, Private and Commercial Banking, Advisory Banking International and Postbank. GTB delivers commercial banking products and services to corporate clients and financial institutions. Deutsche AWM is an investment organization which offers investments across various asset classes to individuals and institutions. NCOU operates as a separate division alongside Deutsche Banks core businesses.

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