Commerzbank AG (OTCMKTS:CRZBY) Short Interest Update

Key Points

• Commerzbank AG reported a significant increase in short interest, rising by 199.0% to a total of 30,500 shares as of September 30th.
• Institutional investors have boosted their positions, with GAMMA Investing LLC increasing its holdings by 124.6% in the first quarter, now owning 4,156 shares.
• Shares of Commerzbank traded down 2.7%, closing at $34.76, following a miss on earnings estimates, reporting $0.22 EPS versus an expected $0.67.

Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 30,500 shares, a growth of 199.0% from the September 15th total of 10,200 shares. Based on an average daily trading volume, of 76,000 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 76,000 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Commerzbank

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in Commerzbank by 124.6% in the first quarter. GAMMA Investing LLC now owns 4,156 shares of the financial services provider's stock worth $95,000 after acquiring an additional 2,306 shares in the last quarter. Rhumbline Advisers boosted its holdings in Commerzbank by 14.5% in the first quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider's stock worth $117,000 after acquiring an additional 650 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in Commerzbank by 8.0% in the second quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider's stock worth $492,000 after acquiring an additional 1,165 shares in the last quarter.

Commerzbank Trading Down 2.7%

Shares of CRZBY stock traded down $0.98 on Friday, hitting $34.76. The company had a trading volume of 35,374 shares, compared to its average volume of 32,918. The firm has a market cap of $41.18 billion, a P/E ratio of 15.45 and a beta of 0.59. The stock's 50-day moving average is $38.70 and its two-hundred day moving average is $33.41. The company has a debt-to-equity ratio of 14.69, a quick ratio of 33.14 and a current ratio of 12.40. Commerzbank has a twelve month low of $14.91 and a twelve month high of $44.85.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) last announced 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 for the quarter, compared to the consensus estimate of $2.97 billion. On average, equities research analysts anticipate that Commerzbank will post 1.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CRZBY. Royal Bank Of Canada reissued a "sector perform" rating on shares of Commerzbank in a report on Monday, August 11th. Deutsche Bank Aktiengesellschaft cut 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. Keefe, Bruyette & Woods cut Commerzbank from a "hold" rating to a "moderate sell" rating in a report on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. cut Commerzbank from an "overweight" rating to a "neutral" rating in a report on Tuesday, September 9th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold".

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.