Short Interest in Commerzbank AG (OTCMKTS:CRZBY) Rises By 340.0%

Commerzbank AG (OTCMKTS:CRZBYGet Free Report) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 8,800 shares, a growth of 340.0% from the February 13th total of 2,000 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 29,100 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

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

Read Our Latest Research Report on CRZBY

Institutional Investors Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC grew its holdings in Commerzbank AG (OTCMKTS:CRZBYFree Report) by 5,506.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 Stock Performance

Shares of OTCMKTS:CRZBY traded up $0.08 during midday trading on Friday, hitting $25.08. 33,162 shares of the stock were exchanged, compared to its average volume of 22,797. The business’s fifty day simple moving average is $20.04 and its two-hundred day simple moving average is $17.77. Commerzbank has a 52-week low of $12.69 and a 52-week high of $25.73. The company has a market capitalization of $29.71 billion, a PE ratio of 13.13 and a beta of 0.96.

About Commerzbank

(Get Free Report)

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.

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