Short Interest in Commerzbank AG (OTCMKTS:CRZBY) Expands By 91.5%

Commerzbank AG (OTCMKTS:CRZBY) saw a significant 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 company are sold short. Based on an average trading volume of 106,223 shares, the days-to-cover ratio is currently 0.6 days.

Commerzbank Trading Down 1.4%

Shares of CRZBY stock opened at $41.72 on Friday. The company has a market capitalization of $45.75 billion, a PE ratio of 16.49 and a beta of 0.50. Commerzbank has a 52-week low of $28.68 and a 52-week high of $44.85. The business’s fifty day moving average is $38.97 and its 200 day moving average is $39.71. The company has a debt-to-equity ratio of 14.97, a quick ratio of 15.42 and a current ratio of 15.43.

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

Institutional Investors Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC lifted its position in Commerzbank AG (OTCMKTS:CRZBY) by 5.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CRZBY shares. Commerzbank upgraded shares of Commerzbank from an “overweight” rating to a “buy” rating in a research note on Tuesday. Zacks Research lowered Commerzbank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Barclays raised Commerzbank from an “equal weight” rating to an “overweight” rating in a research report on Monday, April 20th. DZ Bank upgraded Commerzbank from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Finally, Royal Bank Of Canada raised Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Commerzbank has an average rating of “Moderate Buy”.

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.