Commerzbank AG (OTCMKTS:CRZBY) Short Interest Up 77.3% in March

Commerzbank AG (OTCMKTS:CRZBY) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 15,600 shares, a growth of 77.3% from the February 28th total of 8,800 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 72,800 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Commerzbank in a research note on Friday, March 7th.

Institutional Investors Weigh In On Commerzbank

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

Commerzbank Trading Down 4.7 %

Shares of OTCMKTS:CRZBY opened at $23.33 on Monday. The firm has a 50 day simple moving average of $21.86 and a 200-day simple moving average of $18.66. Commerzbank has a twelve month low of $13.08 and a twelve month high of $27.33. The company has a market capitalization of $27.64 billion, a PE ratio of 12.21 and a beta of 0.96.

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.