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

Commerzbank AG (OTCMKTS:CRZBY) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 15,600 shares, an increase of 77.3% from the February 28th total of 8,800 shares. Based on an average daily trading volume, of 72,800 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC increased its position in Commerzbank AG (OTCMKTS:CRZBY) by 5,506.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,850 shares of the financial services provider’s stock after acquiring an additional 1,817 shares during the quarter. GAMMA Investing LLC’s holdings in Commerzbank were worth $30,000 at the end of the most recent quarter.

Commerzbank Stock Down 4.7 %

Commerzbank stock traded down $1.15 during trading hours on Friday, hitting $23.33. 31,928 shares of the company traded hands, compared to its average volume of 25,072. Commerzbank has a 1-year low of $13.08 and a 1-year high of $27.33. The firm has a market cap of $27.64 billion, a P/E ratio of 12.21 and a beta of 0.96. The firm’s 50-day simple moving average is $21.86 and its two-hundred day simple moving average is $18.64.

Wall Street Analyst Weigh In

Separately, Morgan Stanley restated an “overweight” rating on shares of Commerzbank in a research report on Friday, March 7th.

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.