Short Interest in Commerzbank AG (OTCMKTS:CRZBY) Decreases By 89.7%

Commerzbank AG (OTCMKTS:CRZBY) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1,264 shares, a decrease of 89.7% from the May 31st total of 12,279 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 41,334 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CRZBY. Zacks Research lowered Commerzbank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Barclays upgraded Commerzbank from an “equal weight” rating to an “overweight” rating in a research report on Monday, April 20th. Citigroup reiterated a “neutral” rating on shares of Commerzbank in a report on Monday, May 18th. Keefe, Bruyette & Woods upgraded Commerzbank from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Commerzbank in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Commerzbank presently has an average rating of “Moderate Buy”.

Commerzbank Stock Performance

Shares of CRZBY opened at $42.78 on Friday. The company has a current ratio of 12.24, a quick ratio of 12.24 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $46.91 billion, a P/E ratio of 16.91 and a beta of 0.51. The firm’s fifty day simple moving average is $42.27 and its two-hundred day simple moving average is $40.69. Commerzbank has a 12 month low of $30.98 and a 12 month high of $44.85.

Commerzbank (OTCMKTS:CRZBY) last posted its quarterly earnings data on Friday, May 8th. The financial services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.11. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.83 billion. Commerzbank had a return on equity of 7.69% and a net margin of 11.55%. As a group, analysts predict that Commerzbank will post 3.53 EPS for the current year.

Institutional Investors Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers raised its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 22.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,876 shares of the financial services provider’s stock after buying an additional 1,252 shares during the quarter. Rhumbline Advisers’ holdings in Commerzbank were worth $260,000 as of its most recent SEC filing.

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.