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

Commerzbank AG (OTCMKTS:CRZBY) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 2,437 shares, a decline of 47.3% from the July 30th total of 4,625 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 20,962 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers lifted its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 14.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,140 shares of the financial services provider’s stock after buying an additional 650 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 as of its most recent filing with the Securities and Exchange Commission.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CRZBY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Commerzbank in a research note on Tuesday, May 12th. Citigroup restated a “neutral” rating on shares of Commerzbank in a research note on Monday, August 10th. DZ Bank upgraded shares of Commerzbank from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Finally, Commerzbank raised Commerzbank from an “overweight” rating to a “buy” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Commerzbank has an average rating of “Moderate Buy”.

Commerzbank Price Performance

Shares of Commerzbank stock traded up $0.33 on Friday, hitting $46.53. The company’s stock had a trading volume of 5,492 shares, compared to its average volume of 47,281. Commerzbank has a 1 year low of $33.63 and a 1 year high of $47.70. The company has a market capitalization of $51.02 billion, a price-to-earnings ratio of 15.31 and a beta of 0.55. 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 firm has a fifty day moving average price of $43.95 and a 200-day moving average price of $41.51.

About Commerzbank

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.