Commerzbank AG (OTCMKTS:CRZBY) Sees Large Increase in Short Interest

Commerzbank AG (OTCMKTS:CRZBY) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 7,100 shares, an increase of 136.7% from the December 31st total of 3,000 shares. Based on an average daily trading volume, of 42,200 shares, the days-to-cover ratio is currently 0.2 days.

Commerzbank Trading Down 0.6 %

Shares of CRZBY traded down $0.12 during trading hours on Friday, reaching $19.08. 9,366 shares of the stock traded hands, compared to its average volume of 23,086. Commerzbank has a 52-week low of $10.98 and a 52-week high of $19.35. The company’s 50-day moving average price is $16.62 and its two-hundred day moving average price is $16.46. The company has a market cap of $22.60 billion, a P/E ratio of 9.99 and a beta of 0.94.

Commerzbank (OTCMKTS:CRZBY) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13. The company had revenue of $8.45 billion for the quarter. Commerzbank had a net margin of 8.55% and a return on equity of 6.33%. On average, research analysts forecast that Commerzbank will post 1.96 EPS for the current year.

Institutional Trading of Commerzbank

An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC raised its stake in Commerzbank AG (OTCMKTS:CRZBY) by 5,506.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,850 shares of the financial services provider’s stock after acquiring an additional 1,817 shares during the period. GAMMA Investing LLC’s holdings in Commerzbank were worth $30,000 as of its most recent SEC filing.

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.