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

Commerzbank AG (OTCMKTS:CRZBY) was the target of a large growth in short interest during the month of 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. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 29,100 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC raised its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 5,506.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

Commerzbank Stock Performance

Shares of OTCMKTS CRZBY traded up $0.04 during trading hours on Wednesday, reaching $25.00. 79,039 shares of the stock were exchanged, compared to its average volume of 22,400. The firm has a market capitalization of $29.62 billion, a price-to-earnings ratio of 13.09 and a beta of 0.96. The stock’s fifty day simple moving average is $19.68 and its 200 day simple moving average is $17.66. Commerzbank has a 52 week low of $12.68 and a 52 week high of $25.73.

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.