Commerzbank AG (OTCMKTS:CRZBY) Short Interest Up 363.6% in September

Key Points

• Commerzbank AG's short interest surged by 363.6% in September, reaching a total of 10,200 shares from 2,200 shares in August.
• Recent analyst changes include downgrades from Keefe, Bruyette & Woods and Goldman Sachs, with the current consensus rating on the stock being "Hold."
• Despite a missed earnings estimate of $0.22 per share for the quarter, Commerzbank reported revenues of $3.49 billion, surpassing analyst expectations.

Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 10,200 shares, an increase of 363.6% from the August 31st total of 2,200 shares. Based on an average daily volume of 61,600 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 61,600 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

CRZBY has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lowered shares of Commerzbank from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, September 23rd. Citigroup reaffirmed a "neutral" rating on shares of Commerzbank in a research note on Tuesday, August 5th. The Goldman Sachs Group lowered shares of Commerzbank from a "hold" rating to a "sell" rating in a research note on Tuesday, August 26th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Commerzbank in a research note on Monday, August 11th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Commerzbank from a "buy" rating to a "hold" rating in a research note on Monday, August 18th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Commerzbank Stock Up 1.2%

Commerzbank stock opened at $38.25 on Thursday. The firm has a market capitalization of $45.31 billion, a PE ratio of 17.00 and a beta of 0.59. The company's 50-day moving average is $38.77 and its 200-day moving average is $32.40. Commerzbank has a fifty-two week low of $14.91 and a fifty-two week high of $44.85. 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 quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.45). The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $2.97 billion. Commerzbank had a return on equity of 7.49% and a net margin of 10.51%. Sell-side analysts anticipate that Commerzbank will post 1.96 earnings per share for the current year.

Institutional Trading of Commerzbank

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in 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 purchasing an additional 2,306 shares in the last quarter. Rhumbline Advisers raised its stake 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 purchasing an additional 650 shares in the last quarter. Finally, Yousif Capital Management LLC raised its stake in 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 purchasing an additional 1,165 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.

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