Commerzbank AG (OTCMKTS:CRZBY) Sees Significant Drop in Short Interest

Commerzbank AG (OTCMKTS:CRZBY) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 9,201 shares, a decline of 48.6% from the September 15th total of 17,891 shares. Based on an average daily volume of 39,469 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Commerzbank Price Performance

Shares of CRZBY traded down $0.21 during mid-day trading on Thursday, reaching $42.10. The stock had a trading volume of 10,643 shares, compared to its average volume of 43,327. The firm has a market cap of $44.20 billion, a price-to-earnings ratio of 13.85 and a beta of 0.60. Commerzbank has a 12 month low of $33.63 and a 12 month high of $50.16. The business has a fifty day moving average of $46.21 and a 200 day moving average of $43.43. The company has a debt-to-equity ratio of 1.62, a quick ratio of 12.24 and a current ratio of 0.45.

Wall Street Analyst Weigh In

Several research firms have recently commented on CRZBY. Royal Bank Of Canada lowered Commerzbank from a “moderate buy” rating to a “hold” rating in a research note on Friday, October 2nd. Deutsche Bank Aktiengesellschaft downgraded Commerzbank from a “buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Finally, Citigroup reissued a “neutral” rating on shares of Commerzbank in a report on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Hedge Funds Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC lifted its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 5.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,201 shares of the financial services provider’s stock after acquiring an additional 324 shares during the period. GAMMA Investing LLC’s holdings in Commerzbank were worth $281,000 at the end of the most recent reporting period.

Commerzbank Company Profile

Commerzbank AG is a German universal bank headquartered in Frankfurt am Main. Founded in 1870 in Hamburg, the bank serves private customers, small and medium-sized enterprises, corporate clients, and institutional investors. Its offerings include current and savings accounts, consumer and business lending, payment services, investment products, and financial advice.

Through its Corporate Clients business, Commerzbank provides companies with trade finance, cash management, corporate finance, capital-markets services, foreign-exchange products, and risk-management solutions.