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

Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 17,100 shares, a growth of 307.1% from the March 31st total of 4,200 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 174,500 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC raised its holdings in shares of Commerzbank AG (OTCMKTS:CRZBY - Free Report) by 5,506.1% in the 4th quarter, according to 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 at the end of the most recent reporting period.

Commerzbank Price Performance

CRZBY stock opened at $26.33 on Friday. The stock has a market capitalization of $31.19 billion, a PE ratio of 13.79 and a beta of 0.64. The company has a 50 day moving average price of $24.31 and a 200 day moving average price of $19.75. Commerzbank has a fifty-two week low of $13.28 and a fifty-two week high of $27.54.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CRZBY shares. Morgan Stanley restated an "overweight" rating on shares of Commerzbank in a research report on Friday, March 7th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Commerzbank in a report on Thursday.

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.

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