Commerzbank AG (OTCMKTS:CRZBY) Short Interest Up 363.6% in September

Commerzbank AG (OTCMKTS:CRZBY) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 10,200 shares, a growth of 363.6% from the August 31st total of 2,200 shares. Based on an average daily trading volume, of 61,600 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 61,600 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Several equities analysts have commented on CRZBY shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Commerzbank in a research report on Monday, August 11th. Keefe, Bruyette & Woods downgraded Commerzbank from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, September 23rd. Citigroup reiterated a “neutral” rating on shares of Commerzbank in a research report on Tuesday, August 5th. The Goldman Sachs Group downgraded Commerzbank from a “hold” rating to a “sell” rating in a research report on Tuesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft downgraded Commerzbank from a “buy” rating to a “hold” rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Commerzbank Trading Up 1.2%

Shares of CRZBY stock opened at $38.25 on Thursday. The stock has a market cap of $45.31 billion, a price-to-earnings ratio of 17.00 and a beta of 0.59. The stock has a 50-day moving average of $38.77 and a 200-day moving average of $32.40. The company has a current ratio of 12.40, a quick ratio of 33.14 and a debt-to-equity ratio of 14.69. Commerzbank has a 1-year low of $14.91 and a 1-year high of $44.85.

Commerzbank (OTCMKTS:CRZBY) last issued its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.45). The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $2.97 billion. Commerzbank had a return on equity of 7.49% and a net margin of 10.51%. On average, equities research analysts forecast that Commerzbank will post 1.96 earnings per share for the current year.

Institutional Investors Weigh In On Commerzbank

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in shares of Commerzbank by 124.6% during the 1st quarter. GAMMA Investing LLC now owns 4,156 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 2,306 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Commerzbank by 14.5% during the 1st quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 650 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its position in shares of Commerzbank by 8.0% during the 2nd quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 1,165 shares in the last quarter.

Commerzbank Company Profile

Commerzbank AG provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally. It operates through two segments, Private and Small-Business Customers, and Corporate Clients.