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This Article is From Jul 05, 2016

Investors Rush to Copy Soros in Shorting Deutsche Bank: Chart

Investors Rush to Copy Soros in Shorting Deutsche Bank: Chart

(Bloomberg) -- Where billionaire investor George Soros goes, others follow. Short interest in Deutsche Bank AG doubled this week, rising to 2.7 percent of shares outstanding on Wednesday after Soros Fund Management took a short position in Germany's biggest bank of about 7 million shares last week, or 0.5 percent of the lender's share capital. Chief Executive Officer John Cryan has been seeking to bolster profitability and reverse a slide in shares that eroded about 46 percent of the company's value this year.

--With assistance from Nishant Kumar and Nicholas Comfort To contact the reporter on this story: Tom Beardsworth in London at tbeardsworth@bloomberg.net. To contact the editors responsible for this story: Shelley Smith at ssmith118@bloomberg.net, Simone Meier, Neil Callanan

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