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

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.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC boosted its position in shares of Commerzbank AG (OTCMKTS:CRZBY) by 5.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,113 shares of the financial services provider’s stock after purchasing an additional 272 shares during the quarter. GAMMA Investing LLC’s holdings in Commerzbank were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

Wall Street Analyst Weigh In

CRZBY has been the topic of several recent analyst reports. Commerzbank upgraded shares of Commerzbank from an “overweight” rating to a “buy” rating in a research note on Tuesday, May 12th. 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 report on Tuesday, April 21st. The Goldman Sachs Group reiterated a “neutral” rating on shares of Commerzbank in a research report on Monday, February 23rd. Finally, Keefe, Bruyette & Woods upgraded shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Commerzbank Stock Up 0.6%

Shares of OTCMKTS CRZBY opened at $42.99 on Friday. The firm’s 50-day simple moving average is $40.25 and its 200 day simple moving average is $40.13. The company has a market cap of $47.14 billion, a price-to-earnings ratio of 16.99 and a beta of 0.50. The company has a quick ratio of 15.42, a current ratio of 15.43 and a debt-to-equity ratio of 14.97. Commerzbank has a 12-month low of $30.00 and a 12-month high of $44.85.

Commerzbank (OTCMKTS:CRZBY) last issued its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.11. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.83 billion. Commerzbank had a net margin of 11.55% and a return on equity of 7.74%. On average, research analysts expect that Commerzbank will post 3.53 earnings per share for the current fiscal year.

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.