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

Commerzbank AG (OTCMKTS:CRZBY) was the recipient of a large increase in short interest during 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 daily trading volume, of 224,400 shares, the short-interest ratio is currently 1.1 days.

Commerzbank Stock Performance

CRZBY stock opened at $16.77 on Wednesday. The business’s fifty day simple moving average is $15.32 and its two-hundred day simple moving average is $15.17. The company has a quick ratio of 32.55, a current ratio of 31.49 and a debt-to-equity ratio of 14.98. Commerzbank has a twelve month low of $10.01 and a twelve month high of $17.78. The firm has a market cap of $19.87 billion, a price-to-earnings ratio of 8.60 and a beta of 0.98.

Commerzbank (OTCMKTS:CRZBY) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.09). Commerzbank had a return on equity of 6.56% and a net margin of 9.65%. The company had revenue of $2.87 billion for the quarter. Analysts predict that Commerzbank will post 1.96 earnings per share for the current year.

Wall Street Analyst Weigh In

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

About Commerzbank

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.