Commerzbank AG (OTCMKTS:CRZBY) Short Interest Down 90.6% in August

Commerzbank AG (OTCMKTS:CRZBY) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 1,000 shares, a decline of 90.6% from the August 15th total of 10,600 shares. Based on an average daily trading volume, of 28,600 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered Commerzbank from a “buy” rating to a “neutral” rating in a research note on Monday, June 3rd.

Commerzbank Price Performance

CRZBY traded up $0.69 on Friday, hitting $17.29. 150,924 shares of the company’s stock traded hands, compared to its average volume of 21,667. The company’s 50 day simple moving average is $15.14 and its 200-day simple moving average is $14.88. The company has a current ratio of 31.49, a quick ratio of 32.55 and a debt-to-equity ratio of 14.98. Commerzbank has a one year low of $10.01 and a one year high of $17.36. The firm has a market cap of $20.48 billion, a price-to-earnings ratio of 8.91 and a beta of 0.98.

Commerzbank (OTCMKTS:CRZBY) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.09). Commerzbank had a net margin of 9.65% and a return on equity of 6.56%. The company had revenue of $2.87 billion for the quarter. As a group, research analysts anticipate that Commerzbank will post 1.96 EPS for the current year.

About Commerzbank

Commerzbank AG provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally. It operates through two segments, Private and Small-Business Customers, and Corporate Clients.