Commerzbank AG (OTCMKTS:CRZBY) Short Interest Update

Key Points

• Commerzbank AG experienced a 26.6% decline in short interest in July, with short interest totaling 17,100 shares as of July 31st.
• The company reported an earnings per share (EPS) of $0.22 for the last quarter, significantly missing the consensus estimate of $0.67, despite revenues surpassing expectations at $3.49 billion.
• Analysts generally hold a consensus rating of "Hold" for Commerzbank, with one analyst rating it as a Buy and three as Hold, reflecting mixed expectations for the stock's future performance.

Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 17,100 shares, adeclineof26.6% from the July 15th total of 23,300 shares. Based on an average daily volume of 34,500 shares, the days-to-cover ratio is currently 0.5 days. Currently,0.0% of the shares of the stock are short sold. Currently,0.0% of the shares of the stock are short sold. Based on an average daily volume of 34,500 shares, the days-to-cover ratio is currently 0.5 days.

Analysts Set New Price Targets

Several research analysts recently weighed in on CRZBY shares. Morgan Stanley reissued an "overweight" rating on shares of Commerzbank in a research note on Monday, May 19th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Commerzbank in a research note on Monday, August 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Commerzbank from a "buy" rating to a "hold" rating in a research note on Monday, August 18th. Finally, Citigroup reaffirmed a "neutral" rating on shares of Commerzbank in a research note on Tuesday, August 5th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold".

Commerzbank Stock Down 4.7%

OTCMKTS CRZBY traded down $1.96 on Tuesday, reaching $40.05. The company had a trading volume of 33,394 shares, compared to its average volume of 37,482. The firm has a market capitalization of $47.44 billion, a PE ratio of 17.80 and a beta of 0.69. Commerzbank has a 1 year low of $13.60 and a 1 year high of $44.85. The firm has a 50-day moving average of $36.07 and a 200-day moving average of $29.55. The company has a debt-to-equity ratio of 14.69, a current ratio of 12.40 and a quick ratio of 33.14.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) last released its earnings results on Wednesday, August 6th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.45). The business had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $2.97 billion. Commerzbank had a net margin of 10.51% and a return on equity of 7.49%. On average, equities research analysts anticipate that Commerzbank will post 1.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Commerzbank

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Commerzbank by 124.6% in the first quarter. GAMMA Investing LLC now owns 4,156 shares of the financial services provider's stock valued at $95,000 after buying an additional 2,306 shares during the last quarter. Rhumbline Advisers grew its stake in Commerzbank by 14.5% during the 1st quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider's stock valued at $117,000 after acquiring an additional 650 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in shares of Commerzbank by 8.0% during the 2nd quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider's stock valued at $492,000 after buying an additional 1,165 shares during the last quarter.

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.