Commerzbank AG (OTCMKTS:CRZBY) Short Interest Up 77.3% in March

Commerzbank AG (OTCMKTS:CRZBY) was the target of a large increase in short interest in 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. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 72,800 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC lifted its position in Commerzbank AG (OTCMKTS:CRZBY) by 5,506.1% in the fourth quarter, according to the company in 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 quarter. GAMMA Investing LLC’s holdings in Commerzbank were worth $30,000 at the end of the most recent quarter.

Commerzbank Trading Down 4.7 %

Shares of OTCMKTS CRZBY traded down $1.15 during mid-day trading on Friday, reaching $23.33. The company had a trading volume of 31,928 shares, compared to its average volume of 25,072. The firm has a 50 day simple moving average of $21.86 and a two-hundred day simple moving average of $18.60. Commerzbank has a 52-week low of $13.08 and a 52-week high of $27.33. The stock has a market cap of $27.64 billion, a P/E ratio of 12.21 and a beta of 0.96.

Analysts Set New Price Targets

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

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.