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

Commerzbank AG (OTCMKTS:CRZBY) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 12,279 shares, a drop of 54.8% from the May 14th total of 27,140 shares. Based on an average trading volume of 52,595 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers raised its holdings in shares of Commerzbank AG (OTCMKTS:CRZBY) by 14.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 5,140 shares of the financial services provider’s stock after acquiring an additional 650 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 at the end of the most recent reporting period.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Commerzbank in a research note on Tuesday, May 12th. Zacks Research cut shares of Commerzbank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Commerzbank upgraded shares of Commerzbank from an “overweight” rating to a “buy” rating in a research note on Tuesday, May 12th. Keefe, Bruyette & Woods upgraded shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 26th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of Commerzbank in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Commerzbank has a consensus rating of “Moderate Buy”.

Commerzbank Trading Up 1.5%

CRZBY stock traded up $0.62 during trading on Friday, hitting $42.66. The company had a trading volume of 9,494 shares, compared to its average volume of 23,190. The company has a quick ratio of 15.42, a current ratio of 12.24 and a debt-to-equity ratio of 1.62. The firm has a 50-day moving average price of $41.54 and a 200-day moving average price of $40.44. Commerzbank has a 12 month low of $30.98 and a 12 month high of $44.85. The stock has a market cap of $46.78 billion, a price-to-earnings ratio of 16.86 and a beta of 0.51.

Commerzbank (OTCMKTS:CRZBY) last posted its quarterly earnings data on Friday, May 8th. The financial services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.11. Commerzbank had a net margin of 11.55% and a return on equity of 7.69%. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.83 billion. As a group, analysts predict that Commerzbank will post 3.53 earnings per share for the current year.

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.