Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 17,100 shares, a growth of 307.1% from the March 31st total of 4,200 shares. Based on an average daily trading volume, of 174,500 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC increased its position in shares of Commerzbank AG (OTCMKTS:CRZBY - Free Report) by 5,022.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 94,757 shares of the financial services provider's stock after buying an additional 92,907 shares during the quarter. GAMMA Investing LLC's holdings in Commerzbank were worth $2,160,000 at the end of the most recent quarter.
Commerzbank Stock Performance
Shares of OTCMKTS CRZBY traded up $0.21 during midday trading on Friday, reaching $26.66. The stock had a trading volume of 14,882 shares, compared to its average volume of 37,094. Commerzbank has a twelve month low of $13.28 and a twelve month high of $27.64. The company's 50 day moving average price is $24.80 and its 200 day moving average price is $19.98. The firm has a market cap of $31.58 billion, a price-to-earnings ratio of 13.96 and a beta of 0.64.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on CRZBY. Morgan Stanley reissued an "overweight" rating on shares of Commerzbank in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Commerzbank in a research report on Thursday, April 24th.
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About Commerzbank
(
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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.
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