Commerzbank AG (OTCMKTS:CRZBY) Short Interest Update

Commerzbank AG (OTCMKTS:CRZBY) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 4,625 shares, an increase of 270.6% from the July 15th total of 1,248 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 31,436 shares, the days-to-cover ratio is presently 0.1 days.

Commerzbank Stock Performance

Shares of Commerzbank stock opened at $45.30 on Thursday. The business’s 50 day moving average price is $43.17 and its 200 day moving average price is $41.15. The company has a market cap of $49.67 billion, a price-to-earnings ratio of 14.90 and a beta of 0.55. The company has a debt-to-equity ratio of 1.62, a quick ratio of 12.24 and a current ratio of 12.24. Commerzbank has a one year low of $33.63 and a one year high of $45.93.

Analyst Upgrades and Downgrades

CRZBY has been the subject of a number of research reports. DZ Bank raised shares of Commerzbank from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. 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. Citigroup restated a “neutral” rating on shares of Commerzbank in a research report on Monday. Commerzbank raised shares of Commerzbank from an “overweight” rating to a “buy” rating in a research note on Tuesday, May 12th. Finally, Barclays upgraded shares of Commerzbank from an “equal weight” rating to an “overweight” rating in a report on Monday, April 20th. One equities research 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Commerzbank stock. Rhumbline Advisers increased its position in shares of Commerzbank AG (OTCMKTS:CRZBY) by 14.5% during the 1st quarter, according to the company in its most recent 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 quarter. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 as of its most recent filing with the Securities and Exchange Commission.

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.