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

Commerzbank AG (OTCMKTS:CRZBY) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 1,264 shares, a decrease of 89.7% from the May 31st total of 12,279 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 41,334 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

CRZBY has been the topic of a number of recent research reports. Zacks Research lowered Commerzbank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Commerzbank upgraded shares of Commerzbank from an “overweight” rating to a “buy” rating in a research report on Tuesday, May 12th. Barclays upgraded shares of Commerzbank from an “equal weight” rating to an “overweight” rating in a report on Monday, April 20th. Royal Bank Of Canada raised shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Commerzbank in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Institutional Trading of Commerzbank

A hedge fund recently raised its position in Commerzbank stock. Rhumbline Advisers raised its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 14.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Commerzbank Trading Up 0.3%

CRZBY traded up $0.12 during trading on Friday, hitting $42.66. The company’s stock had a trading volume of 13,309 shares, compared to its average volume of 48,874. The firm has a market capitalization of $46.77 billion, a P/E ratio of 16.86 and a beta of 0.51. Commerzbank has a twelve month low of $30.98 and a twelve month high of $44.85. The stock’s fifty day moving average price is $42.25 and its 200-day moving average price is $40.67. The company has a quick ratio of 12.24, a current ratio of 12.24 and a debt-to-equity ratio of 1.62.

Commerzbank (OTCMKTS:CRZBY) last issued its earnings results on Friday, May 8th. The financial services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.11. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.83 billion. Commerzbank had a return on equity of 7.69% and a net margin of 11.55%. Analysts anticipate that Commerzbank will post 3.53 EPS for the current year.

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.