Deutsche Pfandbriefbank AG (OTCMKTS:PBBGF – Get Free Report) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 50,552 shares, a decrease of 46.1% from the September 15th total of 93,703 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.
Deutsche Pfandbriefbank Stock Performance
Shares of PBBGF remained flat at $3.90 during trading hours on Friday. The stock’s 50-day moving average price is $3.90 and its 200 day moving average price is $4.13. Deutsche Pfandbriefbank has a 52-week low of $3.70 and a 52-week high of $3.97.
About Deutsche Pfandbriefbank
Deutsche Pfandbriefbank AG is a specialized German bank focused on financing commercial real estate and public-sector projects. Its business includes providing loans for office buildings, retail properties, hotels, logistics facilities and other commercial developments, as well as financing for public infrastructure and investment projects.
The bank funds a significant portion of its activities through the issuance of covered bonds known as Pfandbriefe, a longstanding German financial instrument backed by defined pools of assets.
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