Commerzbank AG (OTCMKTS:CRZBY) Short Interest Down 72.5% in August

Commerzbank AG (OTCMKTS:CRZBY) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 2,200 shares, a decrease of 72.5% from the August 15th total of 8,000 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 118,400 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 118,400 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Commerzbank Trading Up 2.2%

Shares of OTCMKTS CRZBY opened at $38.78 on Friday. The company has a debt-to-equity ratio of 14.69, a quick ratio of 33.14 and a current ratio of 12.40. Commerzbank has a 52-week low of $14.91 and a 52-week high of $44.85. The firm has a 50 day moving average price of $37.64 and a two-hundred day moving average price of $31.04. The stock has a market cap of $45.94 billion, a P/E ratio of 17.24 and a beta of 0.67.

Commerzbank (OTCMKTS:CRZBY) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.45). Commerzbank had a net margin of 10.51% and a return on equity of 7.49%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $2.97 billion. As a group, equities analysts forecast that Commerzbank will post 1.96 EPS for the current year.

Analyst Ratings Changes

CRZBY has been the subject of a number of research analyst reports. Citigroup reiterated a “neutral” rating on shares of Commerzbank in a research report on Tuesday, August 5th. Morgan Stanley restated an “overweight” rating on shares of Commerzbank in a research report on Monday, May 19th. Deutsche Bank Aktiengesellschaft cut shares of Commerzbank from a “buy” rating to a “hold” rating in a research report on Monday, August 18th. Royal Bank Of Canada restated a “sector perform” rating on shares of Commerzbank in a research report on Monday, August 11th. Finally, The Goldman Sachs Group cut shares of Commerzbank from a “hold” rating to a “sell” rating in a research report on Tuesday, August 26th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Commerzbank has a consensus rating of “Hold”.

Institutional Investors Weigh In On Commerzbank

A number of institutional investors have recently modified their holdings of CRZBY. GAMMA Investing LLC boosted its stake in shares of Commerzbank by 5,022.0% in the 1st quarter. GAMMA Investing LLC now owns 94,757 shares of the financial services provider’s stock valued at $2,160,000 after purchasing an additional 92,907 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Commerzbank by 14.5% in the 1st quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 650 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its stake in shares of Commerzbank by 8.0% in the 2nd quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 1,165 shares during the last quarter.

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.