Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 15,600 shares, an increase of 77.3% from the February 28th total of 8,800 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 72,800 shares, the short-interest ratio is currently 0.2 days.
Commerzbank Trading Up 2.0 %
Shares of CRZBY traded up $0.48 during mid-day trading on Wednesday, reaching $24.46. The company had a trading volume of 166,900 shares, compared to its average volume of 29,454. Commerzbank has a fifty-two week low of $13.28 and a fifty-two week high of $27.33. The firm has a fifty day simple moving average of $22.06 and a 200-day simple moving average of $18.75. The stock has a market cap of $28.98 billion, a price-to-earnings ratio of 12.81 and a beta of 0.96.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC raised its stake in Commerzbank AG (OTCMKTS:CRZBY - Free Report) by 5,506.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,850 shares of the financial services provider's stock after purchasing 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.
Wall Street Analysts Forecast Growth
Separately, Morgan Stanley reaffirmed an "overweight" rating on shares of Commerzbank in a research note on Friday, March 7th.
Check Out Our Latest Stock Analysis on CRZBY
About Commerzbank
(
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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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