Commerzbank AG (OTCMKTS:CRZBY) Shares Shorted: Short Interest Down 48.6% in September

Commerzbank AG (OTCMKTS:CRZBY) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 9,201 shares, a decline of 48.6% from the September 15th total of 17,891 shares. Based on an average daily trading volume, of 39,469 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Commerzbank Trading Up 1.6%

CRZBY stock opened at $43.08 on Wednesday. The company has a current ratio of 0.45, a quick ratio of 12.24 and a debt-to-equity ratio of 1.62. Commerzbank has a 12-month low of $33.63 and a 12-month high of $50.16. The stock has a market cap of $45.23 billion, a price-to-earnings ratio of 13.95 and a beta of 0.60. The business’s 50-day moving average is $46.28 and its 200 day moving average is $43.39.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Royal Bank Of Canada downgraded shares of Commerzbank from a “moderate buy” rating to a “hold” rating in a research note on Friday, October 2nd. Deutsche Bank Aktiengesellschaft cut shares of Commerzbank from a “buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Finally, Citigroup reissued a “neutral” rating on shares of Commerzbank in a report on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Institutional Trading of Commerzbank

An institutional investor recently raised its stake in Commerzbank stock. GAMMA Investing LLC boosted its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 18.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,877 shares of the financial services provider’s stock after purchasing an additional 933 shares during the quarter. GAMMA Investing LLC’s holdings in Commerzbank were worth $248,000 at the end of the most recent quarter.

Commerzbank Company Profile

Commerzbank AG is a German universal bank headquartered in Frankfurt am Main. Founded in 1870 in Hamburg, the bank serves private customers, small and medium-sized enterprises, corporate clients, and institutional investors. Its offerings include current and savings accounts, consumer and business lending, payment services, investment products, and financial advice.

Through its Corporate Clients business, Commerzbank provides companies with trade finance, cash management, corporate finance, capital-markets services, foreign-exchange products, and risk-management solutions.