Commerzbank AG (OTCMKTS:CRZBY) Short Interest Up 681.7% in August

Commerzbank AG (OTCMKTS:CRZBY) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 19,051 shares, a growth of 681.7% from the August 15th total of 2,437 shares. Based on an average trading volume of 140,978 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Trading of Commerzbank

A hedge fund recently raised its position in Commerzbank stock. Rhumbline Advisers lifted its position in shares of Commerzbank AG (OTCMKTS:CRZBY) by 14.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,140 shares of the financial services provider’s stock after buying an additional 650 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 as of its most recent SEC filing.

Commerzbank Price Performance

CRZBY opened at $48.69 on Friday. The company’s 50 day simple moving average is $44.90 and its 200 day simple moving average is $42.00. The company has a debt-to-equity ratio of 1.62, a quick ratio of 12.24 and a current ratio of 0.45. Commerzbank has a 1 year low of $33.63 and a 1 year high of $49.69. The stock has a market capitalization of $53.39 billion, a PE ratio of 16.02 and a beta of 0.56.

Wall Street Analyst Weigh In

Separately, Citigroup reissued a “neutral” rating on shares of Commerzbank in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Commerzbank presently has an average rating of “Moderate Buy”.

Commerzbank Company Profile

Commerzbank AG is a Germany-based universal bank that serves private customers, small and medium-sized businesses, corporate clients and institutional customers. Its offerings include current and savings accounts, consumer and business lending, payment services, securities and investment products, wealth management, and financing for international trade and commercial activities.

The bank’s business is organized primarily around private and small-business customers and corporate clients.