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

Commerzbank AG (OTCMKTS:CRZBY) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 7,100 shares, a growth of 136.7% from the December 31st total of 3,000 shares. Based on an average trading volume of 42,200 shares, the short-interest ratio is presently 0.2 days.

Commerzbank Stock Performance

Shares of CRZBY traded down $0.12 on Friday, hitting $19.08. 9,366 shares of the stock traded hands, compared to its average volume of 23,086. The company has a market capitalization of $22.60 billion, a PE ratio of 9.99 and a beta of 0.94. The business has a 50 day simple moving average of $16.62 and a 200 day simple moving average of $16.46. Commerzbank has a one year low of $10.98 and a one year high of $19.35.

Commerzbank (OTCMKTS:CRZBY) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.13. Commerzbank had a net margin of 8.55% and a return on equity of 6.33%. The company had revenue of $8.45 billion during the quarter. On average, equities analysts expect that Commerzbank will post 1.96 earnings per share for the current year.

Institutional Investors Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC boosted its stake in Commerzbank AG (OTCMKTS:CRZBY) by 5,506.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,850 shares of the financial services provider’s stock after purchasing an additional 1,817 shares during the period. GAMMA Investing LLC’s holdings in Commerzbank were worth $30,000 at the end of the most recent quarter.

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.