LONDON (Reuters) – Short sellers have made a profit of over $100 million on paper betting against Deutsche Bank 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)
(Reporting by Harry Robertson; Editing by Amanda Cooper)