Commerzbank Short Interest Jumps to Highest Since 2013: Chart

Commerzbank to Cut 9,600 Jobs, Suspend Dividend

As Commerzbank AG shares tumbled this year, investors increased their bearish bets on the company, sending its short interest to the highest level since 2013. It’s now the third most-shorted firm in the Stoxx 600 Banks Index, behind only Italy’s Unione di Banche Italiane SpA and Banca Popolare di Milano Scarl. Commerzbank said on Thursday it will cut jobs, suspend dividends and shrink securities trading in a restructuring plan that will cost about 1.1 billion euros ($1.2 billion) through 2020.

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