Commerzbank (CBK) has seen a massive surge in short interest, climbing from nearly 0% to 10%, making it the second most shorted stock in the DAX. Despite this, the stock has rallied 20%, creating a high-risk squeeze scenario. The crowded score is at 65, while the squeeze score is at 75—both well above key thresholds. Days to cover have jumped from 0 to 20, and utilization has spiked above 50%. If shorts begin to unwind, Commerzbank could see further upside.

Short interest in Commerzbank has skyrocketed from nearly 0% to 10%, the second largest in the DAX.

Recently, the stock price and short interest charts have mirrored each other, with short interest doubling while the stock surged 20%.

Commerzbank is now the second most shorted stock in the DAX by percentage.

The rise in short interest, alongside the stock's increase, signals a potential reversal strategy—investors are shorting as the stock climbs.

Commerzbank's movement is influencing both DAX financial stocks and the DAX index itself in terms of the amount shorted.

With positive stock returns and a rising crowded score, Commerzbank is becoming a squeeze target. The crowded score is at 65, and the squeeze score is at 75—well above the key 70 threshold.

Both the squeeze score and crowded score have risen alongside the stock price, as has the short position. Days to cover have surged from 0 to 20.

Utilization has jumped from 0% to over 50%.

Commerzbank has transformed from a low-shorted name into a high-risk short squeeze candidate. With short interest at 10%, a rising crowded score, and increasing squeeze risk, any covering activity could drive further stock gains. Traders should monitor this setup closely.

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