Short Interest in Commerzbank AG (OTCMKTS:CRZBY) Decreases By 36.2%

Commerzbank AG (OTCMKTS:CRZBY) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 1,248 shares, a decrease of 36.2% from the June 30th total of 1,956 shares. Based on an average daily volume of 89,829 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers grew its position in shares of Commerzbank AG (OTCMKTS:CRZBY) by 14.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,140 shares of the financial services provider’s stock after purchasing an additional 650 shares during the quarter. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 as of its most recent SEC filing.

Commerzbank Price Performance

Commerzbank stock traded down $0.42 during mid-day trading on Friday, hitting $42.83. 1,375 shares of the company traded hands, compared to its average volume of 46,490. Commerzbank has a one year low of $33.63 and a one year high of $44.88. The stock has a market cap of $46.96 billion, a price-to-earnings ratio of 16.93 and a beta of 0.53. The company has a debt-to-equity ratio of 1.62, a quick ratio of 12.24 and a current ratio of 12.24. The stock has a fifty day moving average price of $42.77 and a 200-day moving average price of $40.89.

Commerzbank (OTCMKTS:CRZBY) last released 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. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Commerzbank had a net margin of 11.55% and a return on equity of 7.69%. On average, equities analysts predict that Commerzbank will post 3.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on CRZBY. Royal Bank Of Canada raised shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 21st. Zacks Research downgraded Commerzbank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Barclays raised Commerzbank from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 20th. Citigroup restated a “neutral” rating on shares of Commerzbank in a research report on Monday, May 18th. Finally, DZ Bank upgraded Commerzbank from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

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.