Commerzbank AG (OTCMKTS:CRZBY) Stock Short Interest Falls 48.6%

Key Points

• Short interest dropped 48.6% to 9,201 shares as of September 30, representing just 0.0% of Commerzbank’s outstanding shares and a short-interest ratio of 0.2 days.
• Commerzbank shares opened at $43.08, with a market capitalization of $45.23 billion, a P/E ratio of 13.95, and a 52-week trading range of $33.63 to $50.16.
• Analyst sentiment remains positive but has softened: Citigroup maintained a neutral rating, while Deutsche Bank and RBC downgraded the stock to hold; the overall consensus remains “Moderate Buy.”

Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 9,201 shares, a drop of 48.6% from the September 15th total of 17,891 shares. Based on an average daily volume of 39,469 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Commerzbank Trading Up 1.6%

OTCMKTS:CRZBY opened at $43.08 on Wednesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.45 and a quick ratio of 12.24. The company's 50-day simple moving average is $46.28 and its 200 day simple moving average is $43.39. Commerzbank has a one year low of $33.63 and a one year high of $50.16. The firm has a market capitalization of $45.23 billion, a P/E ratio of 13.95 and a beta of 0.60.

Hedge Funds Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC boosted its holdings in shares of Commerzbank AG (OTCMKTS:CRZBY - Free Report) by 5.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,201 shares of the financial services provider's stock after purchasing an additional 324 shares during the quarter. GAMMA Investing LLC's holdings in Commerzbank were worth $281,000 as of its most recent SEC filing.

Analysts Set New Price Targets

Several research analysts have commented on the company. Citigroup restated a "neutral" rating on shares of Commerzbank in a research note on Monday, September 28th. Royal Bank Of Canada cut shares of Commerzbank from a "moderate buy" rating to a "hold" rating in a research note on Friday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft cut shares of Commerzbank from a "buy" rating to a "hold" rating in a research note on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Commerzbank Company Profile

Commerzbank AG is a German universal bank headquartered in Frankfurt am Main. Founded in 1870 in Hamburg, the bank serves private customers, small and medium-sized enterprises, corporate clients, and institutional investors. Its offerings include current and savings accounts, consumer and business lending, payment services, investment products, and financial advice.

Through its Corporate Clients business, Commerzbank provides companies with trade finance, cash management, corporate finance, capital-markets services, foreign-exchange products, and risk-management solutions.

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