Short sellers make $100 million betting against Deutsche Bank in two weeks-Ortex
Reuters
Published Mar 24, 2023 10:46AM ET
LONDON (Reuters) - Short sellers have made a profit of over $100 million on paper betting against Deutsche Bank (ETR:DBKGn) stock over the last two weeks, financial data company Ortex said on Friday.
Ortex said short interest in Deutsche Bank's European and U.S.-listed shares has doubled over that period to $360 million.
Deutsche's German shares were last down 10% to 8.4 euros ($9.03) on Friday as ongoing fears about the health of global banks knocked confidence in Germany's biggest bank. They've lost 24% in value in the past two weeks.
($1 = 0.9298 euros)
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Written By: Reuters
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