Short Interest in Commerzbank AG (OTCMKTS:CRZBY) Grows By 270.6%

Commerzbank AG (OTCMKTS:CRZBY – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 4,625 shares, an increase of 270.6% from the July 15th total of 1,248 shares. Based on an average trading volume of 31,436 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers lifted its stake in shares of Commerzbank AG (OTCMKTS:CRZBY – Free Report) by 14.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,140 shares of the financial services provider’s stock after purchasing an additional 650 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 at the end of the most recent quarter.

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Commerzbank Stock Down 0.2%

OTCMKTS CRZBY traded down $0.10 during trading on Friday, hitting $46.09. The stock had a trading volume of 1,810 shares, compared to its average volume of 44,449. Commerzbank has a 12 month low of $33.63 and a 12 month high of $46.25. The company has a debt-to-equity ratio of 1.62, a quick ratio of 12.24 and a current ratio of 12.24. The company’s 50-day moving average price is $43.24 and its two-hundred day moving average price is $41.18. The company has a market capitalization of $50.54 billion, a PE ratio of 15.16 and a beta of 0.55.

Wall Street Analyst Weigh In

A number of research firms recently commented on CRZBY. Commerzbank upgraded Commerzbank from an “overweight” rating to a “buy” rating in a report on Tuesday, May 12th. Citigroup reissued a “neutral” rating on shares of Commerzbank in a research note on Monday. DZ Bank upgraded Commerzbank from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Barclays upgraded Commerzbank from an “equal weight” rating to an “overweight” rating in a report on Monday, April 20th. Finally, Royal Bank Of Canada upgraded Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Commerzbank has a consensus rating of “Moderate Buy”.

View Our Latest Stock Report on Commerzbank

About Commerzbank

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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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