Commerzbank stock shorted

 
Tim Wallace
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COMMERZBANK’S stocks jumped into Europe’s most shorted list yesterday, according to data providers Markit, shortly after the bank made a loss in the first quarter.

The numbers show 11.7 per cent of Commerzbank’s stock is on loan for shorting this week.

Last month the bank reported a quarterly loss on the back of a €500m (£421m) restructuring charge, while the bank is also shedding staff and raising capital in a push to put it on a stronger financial footing.

Shares in the bank closed down 0.28 per cent in Germany yesterday, at €10.81.