Commerzbank AG (OTCMKTS:CRZBY) Short Interest Update

Key Points

• Commerzbank’s short interest surged 270.6% to 4,625 shares as of July 31, although short positions represented approximately 0.0% of shares outstanding and only 0.1 days of average trading volume.
• GAMMA Investing LLC increased its Commerzbank stake by 18.9% during the second quarter, bringing its holdings to 5,877 shares valued at approximately $248,000.
• Analyst sentiment remains positive, with one Strong Buy, five Buy and four Hold ratings, resulting in a MarketBeat consensus rating of “Moderate Buy.” The stock opened at $45.30, near its 52-week high of $45.93.

Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 4,625 shares, an increase of 270.6% from the July 15th total of 1,248 shares. Based on an average trading volume of 31,436 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC grew its position in Commerzbank AG (OTCMKTS:CRZBY - Free Report) by 18.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,877 shares of the financial services provider's stock after acquiring an additional 933 shares during the quarter. GAMMA Investing LLC's holdings in Commerzbank were worth $248,000 as of its most recent SEC filing.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Citigroup restated a "neutral" rating on shares of Commerzbank in a research note on Monday. DZ Bank upgraded Commerzbank from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 11th. Commerzbank upgraded Commerzbank from an "overweight" rating to a "buy" rating in a research report on Tuesday, May 12th. Barclays raised Commerzbank from an "equal weight" rating to an "overweight" rating in a report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Commerzbank in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy".

Commerzbank Stock Down 0.3%

CRZBY stock opened at $45.30 on Thursday. The stock has a market capitalization of $49.67 billion, a P/E ratio of 14.90 and a beta of 0.55. The firm has a 50-day simple moving average of $43.17 and a 200-day simple moving average of $41.15. The company has a quick ratio of 12.24, a current ratio of 12.24 and a debt-to-equity ratio of 1.62. Commerzbank has a 52 week low of $33.63 and a 52 week high of $45.93.

Commerzbank Company Profile

Commerzbank AG is a major German banking group headquartered in Frankfurt am Main. Founded in 1870, the bank operates as a universal financial institution offering a broad range of services to private customers, small and medium-sized enterprises (the German “Mittelstand”), and large corporates. Its core business lines include retail and corporate banking, transaction banking, capital markets and investment banking, as well as asset and wealth management.

On the retail side, Commerzbank provides everyday banking products such as deposit accounts, payment services, consumer loans, mortgages and digital banking channels for individual customers.

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