Commerzbank AG (OTCMKTS:CRZBY) Sees Significant Drop in Short Interest

Commerzbank AG (OTCMKTS:CRZBYGet Free Report) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 1,248 shares, a decline of 36.2% from the June 30th total of 1,956 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 89,829 shares, the short-interest ratio is presently 0.0 days.

Commerzbank Stock Up 0.2%

CRZBY stock opened at $43.34 on Friday. The company has a quick ratio of 12.24, a current ratio of 12.24 and a debt-to-equity ratio of 1.62. The business has a 50 day moving average of $42.80 and a 200 day moving average of $40.91. Commerzbank has a twelve month low of $33.63 and a twelve month high of $44.88. The firm has a market cap of $47.52 billion, a PE ratio of 17.13 and a beta of 0.53.

Commerzbank (OTCMKTS:CRZBYGet Free Report) last released its earnings results on Friday, May 8th. The financial services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.11. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Commerzbank had a return on equity of 7.69% and a net margin of 11.55%. On average, research analysts forecast that Commerzbank will post 3.44 EPS for the current fiscal year.

Institutional Trading of Commerzbank

An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC grew its position in Commerzbank AG (OTCMKTS:CRZBYFree Report) by 18.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,877 shares of the financial services provider’s stock after buying an additional 933 shares during the period. GAMMA Investing LLC’s holdings in Commerzbank were worth $248,000 as of its most recent SEC filing.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CRZBY. Barclays upgraded shares of Commerzbank from an “equal weight” rating to an “overweight” rating in a research report on Monday, April 20th. Citigroup restated a “neutral” rating on shares of Commerzbank in a report on Monday, May 18th. Commerzbank raised Commerzbank from an “overweight” rating to a “buy” rating in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Commerzbank in a report on Tuesday, May 12th. Finally, Zacks Research lowered Commerzbank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

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Commerzbank Company Profile

(Get Free Report)

Commerzbank AG is a major German banking group headquartered in Frankfurt am Main. Founded in 1870, the bank operates as a universal financial institution offering a broad range of services to private customers, small and medium-sized enterprises (the German “Mittelstand”), and large corporates. Its core business lines include retail and corporate banking, transaction banking, capital markets and investment banking, as well as asset and wealth management.

On the retail side, Commerzbank provides everyday banking products such as deposit accounts, payment services, consumer loans, mortgages and digital banking channels for individual customers.

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