Short Interest in Commerzbank AG (OTCMKTS:CRZBY) Declines By 54.8%

Commerzbank AG (OTCMKTS:CRZBY) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 12,279 shares, a decrease of 54.8% from the May 14th total of 27,140 shares. Based on an average daily trading volume, of 52,595 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Trading of Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers increased its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 14.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,140 shares of the financial services provider’s stock after acquiring an additional 650 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 at the end of the most recent quarter.

Commerzbank Stock Performance

Shares of Commerzbank stock opened at $42.66 on Friday. The company has a market cap of $46.78 billion, a PE ratio of 16.86 and a beta of 0.51. Commerzbank has a 52 week low of $30.98 and a 52 week high of $44.85. The business has a 50 day moving average price of $41.54 and a 200-day moving average price of $40.44. The company has a quick ratio of 15.42, a current ratio of 12.24 and a debt-to-equity ratio of 1.62.

Commerzbank (OTCMKTS:CRZBY) last issued its quarterly earnings data on Friday, May 8th. The financial services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.87 by $0.11. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.83 billion. Commerzbank had a return on equity of 7.69% and a net margin of 11.55%. Equities analysts anticipate that Commerzbank will post 3.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CRZBY has been the topic of a number of research reports. Citigroup reaffirmed a “neutral” rating on shares of Commerzbank in a research note on Monday, May 18th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Commerzbank in a research note on Monday, February 23rd. Zacks Research downgraded Commerzbank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Commerzbank raised Commerzbank from an “overweight” rating to a “buy” rating in a research note on Tuesday, May 12th. Finally, Keefe, Bruyette & Woods raised Commerzbank from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Commerzbank currently has an average rating of “Moderate Buy”.

About Commerzbank

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.