Commerzbank AG (OTCMKTS:CRZBY) Short Interest Update

Commerzbank AG (OTCMKTS:CRZBY) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,264 shares, a decrease of 89.7% from the May 31st total of 12,279 shares. Based on an average trading volume of 41,334 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

CRZBY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Commerzbank in a research note on Tuesday, May 12th. Royal Bank Of Canada upgraded Commerzbank from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 21st. Commerzbank raised Commerzbank from an “overweight” rating to a “buy” rating in a research report on Tuesday, May 12th. Citigroup reiterated a “neutral” rating on shares of Commerzbank in a report on Monday, May 18th. Finally, Keefe, Bruyette & Woods raised Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 26th. One equities 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Commerzbank Stock Performance

Shares of CRZBY stock traded up $0.12 during trading on Friday, hitting $42.66. The company’s stock had a trading volume of 13,309 shares, compared to its average volume of 48,874. The company has a current ratio of 12.24, a quick ratio of 12.24 and a debt-to-equity ratio of 1.62. The company has a market cap of $46.77 billion, a PE ratio of 16.86 and a beta of 0.51. The business has a fifty day moving average of $42.25 and a 200-day moving average of $40.67. Commerzbank has a 52 week low of $30.98 and a 52 week high of $44.85.

Commerzbank (OTCMKTS:CRZBY) last issued its quarterly 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. Commerzbank had a return on equity of 7.69% and a net margin of 11.55%.The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.83 billion. As a group, research analysts anticipate that Commerzbank will post 3.53 earnings per share for the current year.

Hedge Funds Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC increased its stake in shares of Commerzbank AG (OTCMKTS:CRZBY) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,113 shares of the financial services provider’s stock after buying an additional 272 shares during the period. GAMMA Investing LLC’s holdings in Commerzbank were worth $217,000 as of its most recent SEC filing.

Commerzbank Company Profile

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.