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

Commerzbank AG (OTCMKTS:CRZBY) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 19,051 shares, a growth of 681.7% from the August 15th total of 2,437 shares. Based on an average daily volume of 140,978 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers increased its holdings in shares of Commerzbank AG (OTCMKTS:CRZBY) by 14.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,140 shares of the financial services provider’s stock after purchasing an additional 650 shares during the quarter. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 at the end of the most recent reporting period.

Analysts Set New Price Targets

Separately, Citigroup reaffirmed a “neutral” rating on shares of Commerzbank in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Commerzbank Stock Performance

CRZBY opened at $50.14 on Friday. The company has a 50 day simple moving average of $45.03 and a two-hundred day simple moving average of $42.06. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.45 and a quick ratio of 12.24. The firm has a market cap of $54.98 billion, a P/E ratio of 16.49 and a beta of 0.56. Commerzbank has a 1-year low of $33.63 and a 1-year high of $50.16.

Commerzbank Company Profile

Commerzbank AG is a Germany-based universal bank that serves private customers, small and medium-sized businesses, corporate clients and institutional customers. Its offerings include current and savings accounts, consumer and business lending, payment services, securities and investment products, wealth management, and financing for international trade and commercial activities.

The bank’s business is organized primarily around private and small-business customers and corporate clients.