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) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 2,200 shares, a drop of 72.5% from the August 15th total of 8,000 shares. Based on an average daily trading volume, of 118,400 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 118,400 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

A number of research analysts have commented on CRZBY shares. JPMorgan Chase & Co. downgraded Commerzbank from an "overweight" rating to a "neutral" rating in a report on Tuesday, September 9th. The Goldman Sachs Group cut Commerzbank from a "hold" rating to a "sell" rating in a research report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft cut Commerzbank from a "buy" rating to a "hold" rating in a research report on Monday, August 18th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Commerzbank in a research report on Monday, August 11th. Finally, Citigroup reiterated a "neutral" rating on shares of Commerzbank in a research report on Tuesday, August 5th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold".

Commerzbank Stock Performance

CRZBY traded down $1.10 during trading hours on Wednesday, hitting $36.59. The company's stock had a trading volume of 22,799 shares, compared to its average volume of 37,635. Commerzbank has a fifty-two week low of $14.91 and a fifty-two week 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 firm has a market capitalization of $43.35 billion, a PE ratio of 16.26 and a beta of 0.67. The company has a 50-day simple moving average of $37.89 and a 200 day simple moving average of $31.46.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) last posted 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). Commerzbank had a net margin of 10.51% and a return on equity of 7.49%. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $2.97 billion. As a group, sell-side analysts expect that Commerzbank will post 1.96 EPS for the current year.

Institutional Trading of Commerzbank

Several large investors have recently added to or reduced their stakes in CRZBY. Rhumbline Advisers raised its stake in shares of 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 buying an additional 650 shares in the last quarter. Yousif Capital Management LLC raised its stake in shares of Commerzbank by 8.0% in the 2nd quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider's stock worth $492,000 after buying an additional 1,165 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Commerzbank by 124.6% in the 1st quarter. GAMMA Investing LLC now owns 4,156 shares of the financial services provider's stock worth $95,000 after buying an additional 2,306 shares in the last quarter.

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.