eBay shares fell as much as 4 percent after the company recorded a decline in new auction listings in the United Kingdom, its third-largest market, Deutsche Bank said.

Deutsche Bank analyst Jeetil Patel, who advises investors sell off eBay holdings, said weekly data for the third week of April provided by the company showed UK auction listings dropping 9 percent from a week before. By the same measure, the listing of UK merchandise was down 19 percent from a year ago.

Posted: 04|21|08 at 6:55 pm. Filed under: UK News.