Commerzbank AG (OTCMKTS:CRZBY) Sees Significant Decrease in Short Interest

Commerzbank AG (OTCMKTS:CRZBY) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 12,279 shares, a decrease of 54.8% from the May 14th total of 27,140 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 52,595 shares, the days-to-cover ratio is currently 0.2 days.

Commerzbank Stock Performance

Shares of OTCMKTS:CRZBY traded up $0.62 during midday trading on Friday, hitting $42.66. The company’s stock had a trading volume of 9,494 shares, compared to its average volume of 23,190. The stock has a market capitalization of $46.78 billion, a price-to-earnings ratio of 16.86 and a beta of 0.51. The stock’s 50 day simple moving average is $41.54 and its 200 day simple moving average is $40.44. Commerzbank has a fifty-two week low of $30.98 and a fifty-two week high of $44.85. The company has a debt-to-equity ratio of 1.62, a quick ratio of 15.42 and a current ratio of 12.24.

Commerzbank (OTCMKTS:CRZBY) last issued its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.11. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.83 billion. Commerzbank had a return on equity of 7.69% and a net margin of 11.55%. As a group, research analysts anticipate that Commerzbank will post 3.53 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on CRZBY shares. Commerzbank raised shares of Commerzbank from an “overweight” rating to a “buy” rating in a research report on Tuesday, May 12th. Zacks Research downgraded shares of Commerzbank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. DZ Bank raised shares of Commerzbank from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Citigroup reissued a “neutral” rating on shares of Commerzbank in a research report on Monday, May 18th. Finally, Royal Bank Of Canada raised Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 21st. One 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 presently has an average rating of “Moderate Buy”.

Hedge Funds Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC grew its position in Commerzbank AG (OTCMKTS:CRZBY) by 5.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,113 shares of the financial services provider’s stock after acquiring an additional 272 shares during the quarter. 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.