Short Interest in Commerzbank AG (OTCMKTS:CRZBY) Declines By 98.2%

Commerzbank AG (OTCMKTS:CRZBY) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 200 shares, a drop of 98.2% from the March 31st total of 11,300 shares. Based on an average daily trading volume, of 29,400 shares, the short-interest ratio is currently 0.0 days.

Commerzbank Stock Performance

Shares of OTCMKTS:CRZBY traded up $0.08 during midday trading on Friday, hitting $15.15. The company’s stock had a trading volume of 87,631 shares, compared to its average volume of 20,919. Commerzbank has a 12-month low of $9.72 and a 12-month high of $15.27. The company has a market cap of $18.79 billion, a P/E ratio of 8.61 and a beta of 1.13. The business’s 50 day simple moving average is $13.21 and its 200 day simple moving average is $12.19.

Commerzbank (OTCMKTS:CRZBY) last posted its quarterly earnings results on Tuesday, March 19th. The financial services provider reported $0.34 earnings per share for the quarter. Commerzbank had a net margin of 10.17% and a return on equity of 6.30%. The business had revenue of $2.29 billion for the quarter. On average, sell-side analysts predict that Commerzbank will post 2.09 earnings per share for the current fiscal year.

Commerzbank Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 16th. Investors of record on Friday, May 3rd will be issued a $0.2575 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This is an increase from Commerzbank’s previous dividend of $0.14. Commerzbank’s dividend payout ratio is presently 7.95%.

Commerzbank Company Profile

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.