Commerzbank AG (OTCMKTS:CRZBY) Short Interest Down 56.0% in May

Commerzbank AG (OTCMKTS:CRZBY) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 27,140 shares, a decline of 56.0% from the April 30th total of 61,745 shares. Based on an average daily volume of 55,164 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers raised its stake in shares of Commerzbank AG (OTCMKTS:CRZBY) by 22.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,876 shares of the financial services provider’s stock after buying an additional 1,252 shares during the quarter. Rhumbline Advisers’ holdings in Commerzbank were worth $260,000 at the end of the most recent reporting period.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CRZBY. Keefe, Bruyette & Woods upgraded shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 26th. Barclays upgraded shares of Commerzbank from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 20th. Royal Bank Of Canada upgraded shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 21st. Commerzbank upgraded shares of Commerzbank from an “overweight” rating to a “buy” rating in a research note on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Commerzbank in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Commerzbank Stock Performance

Shares of OTCMKTS:CRZBY opened at $43.29 on Tuesday. The stock has a market capitalization of $47.47 billion, a P/E ratio of 17.11 and a beta of 0.50. Commerzbank has a 1-year low of $30.00 and a 1-year high of $44.85. The company has a current ratio of 15.43, a quick ratio of 15.42 and a debt-to-equity ratio of 14.97. The business has a 50-day moving average price of $40.39 and a two-hundred day moving average price of $40.16.

Commerzbank (OTCMKTS:CRZBY) last announced its quarterly earnings data on Friday, May 8th. The financial services provider reported $0.98 earnings per share 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 analysts’ expectations of $3.83 billion. Commerzbank had a return on equity of 7.74% and a net margin of 11.55%. Equities analysts predict that Commerzbank will post 3.53 earnings per share for the current year.

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.