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

Commerzbank AG (OTCMKTS:CRZBY) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 10,200 shares, an increase of 363.6% from the August 31st total of 2,200 shares. Based on an average daily volume of 61,600 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 61,600 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in shares of Commerzbank by 124.6% during the 1st quarter. GAMMA Investing LLC now owns 4,156 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 2,306 shares during the last quarter. Rhumbline Advisers raised its position in shares of Commerzbank by 14.5% during the 1st quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider’s stock valued at $117,000 after buying an additional 650 shares during the period. Finally, Yousif Capital Management LLC raised its position in shares of Commerzbank by 8.0% during the 2nd quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider’s stock valued at $492,000 after buying an additional 1,165 shares during the period.

Commerzbank Price Performance

OTCMKTS:CRZBY opened at $37.76 on Friday. Commerzbank has a 12 month low of $14.91 and a 12 month high of $44.85. The stock has a 50 day moving average of $38.87 and a two-hundred day moving average of $32.55. The company has a current ratio of 12.40, a quick ratio of 33.14 and a debt-to-equity ratio of 14.69. The firm has a market cap of $44.73 billion, a P/E ratio of 16.78 and a beta of 0.59.

Commerzbank (OTCMKTS:CRZBY) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.45). Commerzbank had a return on equity of 7.49% and a net margin of 10.51%.The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $2.97 billion. On average, analysts expect that Commerzbank will post 1.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on CRZBY shares. JPMorgan Chase & Co. lowered Commerzbank from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft lowered Commerzbank from a “buy” rating to a “hold” rating in a research note on Monday, August 18th. The Goldman Sachs Group lowered Commerzbank from a “hold” rating to a “sell” rating in a research note on Tuesday, August 26th. Royal Bank Of Canada restated a “sector perform” rating on shares of Commerzbank in a research note on Monday, August 11th. Finally, Keefe, Bruyette & Woods lowered Commerzbank from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, September 23rd. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Commerzbank Company Profile

Commerzbank AG provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally. It operates through two segments, Private and Small-Business Customers, and Corporate Clients.