Commerzbank AG (OTCMKTS:CRZBY) Short Interest Up 91.5% in April

Commerzbank AG (OTCMKTS:CRZBY) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 61,745 shares, a growth of 91.5% from the April 15th total of 32,246 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 106,223 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CRZBY shares. The Goldman Sachs Group reissued a “neutral” rating on shares of Commerzbank in a research note on Monday, February 23rd. Royal Bank Of Canada upgraded shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 21st. Barclays raised shares of Commerzbank from an “equal weight” rating to an “overweight” rating in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Commerzbank in a research note on Tuesday, May 12th. Finally, Keefe, Bruyette & Woods raised shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Commerzbank Price Performance

CRZBY stock opened at $41.72 on Monday. The firm has a market cap of $45.75 billion, a price-to-earnings ratio of 16.49 and a beta of 0.50. The firm has a fifty day moving average price of $38.97 and a two-hundred day moving average price of $39.74. The company has a debt-to-equity ratio of 14.97, a current ratio of 15.43 and a quick ratio of 15.42. Commerzbank has a 1-year low of $28.68 and a 1-year high of $44.85.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers lifted its stake in Commerzbank AG (OTCMKTS:CRZBY) by 14.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

Commerzbank Company Profile

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.