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

Commerzbank AG (OTCMKTS:CRZBY) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 12,279 shares, a decline 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 shares of the stock are sold short.

Analyst Upgrades and Downgrades

CRZBY has been the subject of several recent analyst reports. Barclays upgraded Commerzbank from an “equal weight” rating to an “overweight” rating in a research report on Monday, April 20th. Keefe, Bruyette & Woods raised Commerzbank from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 26th. DZ Bank raised Commerzbank from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Royal Bank Of Canada raised Commerzbank from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 21st. Finally, Zacks Research lowered Commerzbank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Commerzbank Stock Performance

OTCMKTS CRZBY opened at $42.66 on Monday. Commerzbank has a 1-year low of $30.98 and a 1-year high of $44.85. The company has a current ratio of 12.24, a quick ratio of 12.24 and a debt-to-equity ratio of 1.62. The stock has a 50-day moving average of $41.54 and a 200-day moving average of $40.46. The firm has a market cap of $46.78 billion, a PE ratio of 16.86 and a beta of 0.51.

Commerzbank (OTCMKTS:CRZBY) last released its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.11. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.83 billion. Commerzbank had a return on equity of 7.69% and a net margin of 11.55%. As a group, sell-side analysts forecast that Commerzbank will post 3.53 EPS for the current year.

Institutional Investors Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers grew its stake in shares of Commerzbank AG (OTCMKTS:CRZBY) by 14.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,140 shares of the financial services provider’s stock after purchasing an additional 650 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 as of its most recent SEC filing.

Commerzbank Company Profile

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.