Commerzbank AG (OTCMKTS:CRZBY – Get Rating) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 48,600 shares, an increase of 10.2% from the August 15th total of 44,100 shares. Based on an average daily volume of 97,200 shares, the days-to-cover ratio is currently 0.5 days.
Commerzbank Price Performance
Shares of Commerzbank stock opened at $7.99 on Wednesday. The company’s fifty day moving average is $6.88 and its 200 day moving average is $7.24. Commerzbank has a twelve month low of $5.70 and a twelve month high of $10.55.
Commerzbank (OTCMKTS:CRZBY – Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The financial services provider reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.03). The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.32 billion. Analysts expect that Commerzbank will post 0.97 EPS for the current year.
Institutional Trading of Commerzbank
Analysts Set New Price Targets
Separately, UBS Group boosted their price objective on shares of Commerzbank from €8.60 ($8.78) to €8.90 ($9.08) in a research note on Thursday, July 21st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Commerzbank presently has an average rating of “Moderate Buy” and an average price target of $9.57.
Commerzbank AG provides banking and capital market services to private and small business customers, multinational groups, financial service providers, and institutional clients worldwide. It operates through two segments, Private and Small-Business Customers, and Corporate Clients. The company offers accounts, commercial payments, payment enabling, clearing and custody, and other services; trade services, including documentary collection, letters of credit, guarantees, trade facilitation, supply chain financing, buyer's credit, and forfaiting services; and bilateral loans, club deals, Schuldschein instruments, syndicated loans, bonds, private placements, other debt instruments, and Islamic financing services.
- Get a free copy of the StockNews.com research report on Commerzbank (CRZBY)
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