Commerzbank AG (OTCMKTS:CRZBY) Stock Short Interest Report for September

Commerzbank AG (OTCMKTS:CRZBY) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 9,201 shares, a decrease of 48.6% from the September 15th total of 17,891 shares. Based on an average daily volume of 39,469 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC raised its holdings in shares of Commerzbank AG (OTCMKTS:CRZBY) by 18.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,877 shares of the financial services provider’s stock after purchasing an additional 933 shares during the quarter. GAMMA Investing LLC’s holdings in Commerzbank were worth $248,000 as of its most recent filing with the Securities & Exchange Commission.

Analyst Ratings Changes

Several analysts have issued reports on CRZBY shares. Royal Bank Of Canada lowered Commerzbank from a “moderate buy” rating to a “hold” rating in a research note on Friday, October 2nd. Deutsche Bank Aktiengesellschaft downgraded Commerzbank from a “buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Finally, Citigroup restated a “neutral” rating on shares of Commerzbank in a research report on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Commerzbank Stock Performance

Shares of CRZBY opened at $42.46 on Friday. Commerzbank has a 12 month low of $33.63 and a 12 month high of $50.16. The business’s fifty day simple moving average is $46.17 and its two-hundred day simple moving average is $43.48. The company has a market cap of $44.58 billion, a price-to-earnings ratio of 13.97 and a beta of 0.60. The company has a current ratio of 0.45, a quick ratio of 12.24 and a debt-to-equity ratio of 1.62.

About Commerzbank

Commerzbank AG is a German universal bank headquartered in Frankfurt am Main. Founded in 1870 in Hamburg, the bank serves private customers, small and medium-sized enterprises, corporate clients, and institutional investors. Its offerings include current and savings accounts, consumer and business lending, payment services, investment products, and financial advice.

Through its Corporate Clients business, Commerzbank provides companies with trade finance, cash management, corporate finance, capital-markets services, foreign-exchange products, and risk-management solutions.