Short Interest in Commerzbank AG (OTCMKTS:CRZBY) Expands By 91.5%

Commerzbank AG (OTCMKTS:CRZBY) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 61,745 shares, an increase of 91.5% from the April 15th total of 32,246 shares. Based on an average daily volume of 106,223 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

A number of equities analysts have commented on CRZBY shares. Commerzbank raised Commerzbank from an “overweight” rating to a “buy” rating in a research note on Tuesday. Royal Bank Of Canada upgraded shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Commerzbank in a research note on Tuesday. Zacks Research lowered shares of Commerzbank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, DZ Bank raised shares of Commerzbank from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers raised its position in shares of Commerzbank AG (OTCMKTS:CRZBY) by 14.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,140 shares of the financial services provider’s stock after buying an additional 650 shares during the quarter. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 at the end of the most recent quarter.

Commerzbank Stock Performance

Shares of CRZBY opened at $41.72 on Friday. The company has a debt-to-equity ratio of 14.97, a current ratio of 15.43 and a quick ratio of 15.42. Commerzbank has a one year low of $28.68 and a one year high of $44.85. The company has a 50-day simple moving average of $38.97 and a two-hundred day simple moving average of $39.71. The firm has a market capitalization of $45.75 billion, a PE ratio of 16.49 and a beta of 0.50.

Commerzbank (OTCMKTS:CRZBY) last announced its earnings results on Friday, May 8th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.11. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.83 billion. Commerzbank had a return on equity of 7.74% and a net margin of 11.55%. On average, analysts anticipate that Commerzbank will post 3.53 EPS for the current fiscal year.

About Commerzbank

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.