Commerzbank AG (OTCMKTS:CRZBY) Short Interest Up 681.7% in August

Commerzbank AG (OTCMKTS:CRZBY) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 19,051 shares, a growth of 681.7% from the August 15th total of 2,437 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 140,978 shares, the days-to-cover ratio is presently 0.1 days.

Commerzbank Stock Performance

Shares of CRZBY stock opened at $48.69 on Friday. The stock has a fifty day moving average price of $44.90 and a 200 day moving average price of $42.00. The stock has a market cap of $53.39 billion, a PE ratio of 16.02 and a beta of 0.56. Commerzbank has a 1 year low of $33.63 and a 1 year high of $49.69. The company has a debt-to-equity ratio of 1.62, a quick ratio of 12.24 and a current ratio of 0.45.

Analysts Set New Price Targets

Separately, Citigroup reissued a “neutral” rating on shares of Commerzbank in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Commerzbank presently has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On Commerzbank

A hedge fund recently raised its position in Commerzbank stock. GAMMA Investing LLC raised its holdings in shares of Commerzbank AG (OTCMKTS:CRZBY) by 18.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 filing with the Securities and Exchange Commission.

About Commerzbank

Commerzbank AG is a Germany-based universal bank that serves private customers, small and medium-sized businesses, corporate clients and institutional customers. Its offerings include current and savings accounts, consumer and business lending, payment services, securities and investment products, wealth management, and financing for international trade and commercial activities.

The bank’s business is organized primarily around private and small-business customers and corporate clients.