Short Interest in Commerzbank AG (OTCMKTS:CRZBY) Drops By 73.1%

Commerzbank AG (OTCMKTS:CRZBYGet Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 4,200 shares, a decrease of 73.1% from the March 15th total of 15,600 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 67,500 shares, the short-interest ratio is currently 0.1 days.

Commerzbank Trading Up 1.2 %

Shares of CRZBY traded up $0.31 during midday trading on Wednesday, reaching $25.98. 76,083 shares of the company were exchanged, compared to its average volume of 37,261. The stock has a 50-day moving average price of $23.42 and a 200-day moving average price of $19.34. The company has a market cap of $30.78 billion, a price-to-earnings ratio of 13.60 and a beta of 0.64. Commerzbank has a 1-year low of $13.28 and a 1-year high of $27.33.

Institutional Trading of Commerzbank

An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC lifted its stake in shares of Commerzbank AG (OTCMKTS:CRZBYFree Report) by 5,506.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,850 shares of the financial services provider’s stock after purchasing an additional 1,817 shares during the quarter. GAMMA Investing LLC’s holdings in Commerzbank were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

Analyst Upgrades and Downgrades

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

Get Our Latest Research Report on CRZBY

Commerzbank Company Profile

(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.

Recommended Stories

Receive News & Ratings for Commerzbank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commerzbank and related companies with MarketBeat.com's FREE daily email newsletter.