Commerzbank AG (OTCMKTS:CRZBY) Short Interest Down 47.3% in August

Commerzbank AG (OTCMKTS:CRZBYGet Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 2,437 shares, a decrease of 47.3% from the July 30th total of 4,625 shares. Based on an average trading volume of 20,962 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Commerzbank Stock Performance

Shares of OTCMKTS:CRZBY opened at $46.53 on Monday. The company has a market cap of $51.02 billion, a P/E ratio of 15.31 and a beta of 0.55. The company has a debt-to-equity ratio of 1.62, a current ratio of 12.24 and a quick ratio of 12.24. Commerzbank has a 1 year low of $33.63 and a 1 year high of $47.70. The stock’s fifty day moving average price is $43.95 and its 200-day moving average price is $41.50.

Hedge Funds Weigh In On Commerzbank

An institutional investor recently raised its stake in Commerzbank stock. Rhumbline Advisers grew its stake in shares of Commerzbank AG (OTCMKTS:CRZBYFree Report) by 14.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,140 shares of the financial services provider’s stock after acquiring an additional 650 shares during the quarter. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 as of its most recent SEC filing.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CRZBY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Commerzbank in a research report on Tuesday, May 12th. Citigroup restated a “neutral” rating on shares of Commerzbank in a research note on Monday, August 10th. DZ Bank raised shares of Commerzbank from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Finally, Commerzbank upgraded shares of Commerzbank from an “overweight” rating to a “buy” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, 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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