Commerzbank AG (OTCMKTS:CRZBY) Sees Significant Growth in Short Interest

Commerzbank AG (OTCMKTS:CRZBY) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 248,500 shares, an increase of 24,750.0% from the August 31st total of 1,000 shares. Based on an average trading volume of 224,400 shares, the short-interest ratio is presently 1.1 days.

Commerzbank Stock Performance

Commerzbank stock opened at $16.77 on Wednesday. The firm has a market capitalization of $19.87 billion, a PE ratio of 8.60 and a beta of 0.98. The stock’s 50 day moving average price is $15.32 and its 200 day moving average price is $15.17. Commerzbank has a one year low of $10.01 and a one year high of $17.78. The company has a debt-to-equity ratio of 14.98, a quick ratio of 32.55 and a current ratio of 31.49.

Commerzbank (OTCMKTS:CRZBY) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.09). The business had revenue of $2.87 billion for the quarter. Commerzbank had a return on equity of 6.56% and a net margin of 9.65%. As a group, sell-side analysts expect that Commerzbank will post 1.96 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Citigroup lowered Commerzbank from a “buy” rating to a “neutral” rating in a research report on Monday, June 3rd.

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.