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

Commerzbank AG (OTCMKTS:CRZBY) was the target of a large growth in short interest in 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 days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Citigroup restated a “neutral” rating on shares of Commerzbank in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Commerzbank Stock Up 3.0%

Shares of OTCMKTS CRZBY opened at $50.14 on Friday. The company has a market cap of $54.98 billion, a price-to-earnings ratio of 16.49 and a beta of 0.56. The company has a current ratio of 0.45, a quick ratio of 12.24 and a debt-to-equity ratio of 1.62. Commerzbank has a 12 month low of $33.63 and a 12 month high of $50.16. The stock has a 50-day moving average price of $45.03 and a two-hundred day moving average price of $42.06.

Hedge Funds Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers boosted its stake in Commerzbank AG (OTCMKTS:CRZBY) by 22.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,876 shares of the financial services provider’s stock after purchasing an additional 1,252 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $260,000 at the end of the most recent quarter.

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.