Commerzbank AG (OTCMKTS:CRZBY) Short Interest Down 72.5% in August

Key Points

• Short interest in Commerzbank AG decreased by 72.5% in August, dropping from 8,000 shares to just 2,200 shares.
• Institutional investors have made significant adjustments to their positions, with GAMMA Investing LLC increasing its stake in Commerzbank by 124.6% in the first quarter.
• Commerzbank reported earnings of $0.22 per share for the last quarter, missing analysts' expectations of $0.67 per share, with revenue exceeding estimates at $3.49 billion.

Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,200 shares, a decline of 72.5% from the August 15th total of 8,000 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 118,400 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 118,400 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Commerzbank

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in Commerzbank by 124.6% during the 1st 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 in the last quarter. Rhumbline Advisers increased its position in Commerzbank by 14.5% during the 1st quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider's stock worth $117,000 after purchasing an additional 650 shares in the last quarter. Finally, Yousif Capital Management LLC increased its position in Commerzbank by 8.0% during the 2nd quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider's stock worth $492,000 after purchasing an additional 1,165 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CRZBY. The Goldman Sachs Group downgraded shares of Commerzbank from a "hold" rating to a "sell" rating in a report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft downgraded shares of Commerzbank from a "buy" rating to a "hold" rating in a report on Monday, August 18th. Citigroup reissued a "neutral" rating on shares of Commerzbank in a report on Tuesday, August 5th. JPMorgan Chase & Co. cut shares of Commerzbank from an "overweight" rating to a "neutral" rating in a research report on Tuesday. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Commerzbank in a report on Monday, May 19th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold".

Commerzbank Stock Performance

Shares of Commerzbank stock opened at $38.78 on Friday. The company has a 50 day moving average of $37.64 and a 200-day moving average of $31.04. Commerzbank has a 1-year low of $14.91 and a 1-year high of $44.85. The company has a current ratio of 12.40, a quick ratio of 33.14 and a debt-to-equity ratio of 14.69. The company has a market cap of $45.94 billion, a PE ratio of 17.24 and a beta of 0.67.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) last issued its quarterly earnings results 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 return on equity of 7.49% and a net margin of 10.51%.The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $2.97 billion. As a group, equities research analysts forecast that Commerzbank will post 1.96 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.