Commerzbank AG (OTCMKTS:CRZBY) Short Interest Update

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

Commerzbank Stock Performance

Shares of CRZBY stock opened at $46.32 on Tuesday. The company has a market capitalization of $50.79 billion, a P/E ratio of 15.24 and a beta of 0.55. Commerzbank has a fifty-two week low of $33.63 and a fifty-two week high of $47.70. 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 stock has a 50 day moving average price of $44.01 and a two-hundred day moving average price of $41.53.

Institutional Investors Weigh In On Commerzbank

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on CRZBY. Commerzbank raised Commerzbank from an “overweight” rating to a “buy” rating in a research note on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reissued 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 report on Monday, August 10th. Finally, DZ Bank raised shares of Commerzbank from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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.