Commerzbank AG (OTCMKTS:CRZBY) Short Interest Down 53.2% in August

Key Points

• Commerzbank AG experienced a significant drop in short interest, declining by 53.2% in August, with total short interest falling from 17,100 shares to 8,000 shares.
• The company's recent quarterly earnings report showed an earnings per share of $0.22, which missed analysts' expectations of $0.67, despite revenue surpassing forecasts at $3.49 billion.
• Institutional investors have increased their stakes in Commerzbank, with notable increases from Rhumbline Advisers and Yousif Capital Management, reflecting growing confidence in the company's prospects.

Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) saw a large decline in short interest during the month of August. As of August 15th, there was short interest totaling 8,000 shares, adeclineof53.2% from the July 31st total of 17,100 shares. Based on an average trading volume of 99,900 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 99,900 shares, the short-interest ratio is presently 0.1 days.

Commerzbank Price Performance

Shares of Commerzbank stock opened at $37.95 on Friday. The company has a debt-to-equity ratio of 14.69, a current ratio of 12.40 and a quick ratio of 33.14. The business's 50 day simple moving average is $36.99 and its two-hundred day simple moving average is $30.42. The stock has a market capitalization of $44.96 billion, a P/E ratio of 16.87 and a beta of 0.67. Commerzbank has a one year low of $13.60 and a one year high of $44.85.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.45). Commerzbank had a net margin of 10.51% and a return on equity of 7.49%. The company had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $2.97 billion. Analysts forecast that Commerzbank will post 1.96 EPS for the current year.

Institutional Investors Weigh In On Commerzbank

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Morgan Stanley restated an "overweight" rating on shares of Commerzbank in a research report on Monday, May 19th. Deutsche Bank Aktiengesellschaft cut Commerzbank from a "buy" rating to a "hold" rating in a report on Monday, August 18th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Commerzbank in a research note on Monday, August 11th. Citigroup reissued a "neutral" rating on shares of Commerzbank in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group lowered shares of Commerzbank from a "hold" rating to a "sell" rating in a report on Tuesday, August 26th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Commerzbank currently has a consensus rating of "Hold".

Commerzbank Company Profile

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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