National Australia Bank Ltd. (OTCMKTS:NABZY) Short Interest Down 79.6% in June

National Australia Bank Ltd. (OTCMKTS:NABZY) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 7,638 shares, a decrease of 79.6% from the June 15th total of 37,466 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,211,134 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NABZY. Zacks Research cut National Australia Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. National Bank Financial raised shares of National Australia Bank from a “neutral” rating to a “buy” rating and set a $42.50 price objective for the company in a research note on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, National Australia Bank has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

National Australia Bank Price Performance

NABZY stock traded up $0.07 during trading on Monday, hitting $13.88. 252,390 shares of the company’s stock were exchanged, compared to its average volume of 274,033. The business has a 50-day moving average price of $13.34 and a two-hundred day moving average price of $14.63. National Australia Bank has a 52-week low of $11.76 and a 52-week high of $18.13.

National Australia Bank Company Profile

National Australia Bank (OTCMKTS: NABZY) is one of Australia’s largest banking groups, offering a broad range of financial services to retail, small business, corporate and institutional customers. Its core activities include personal and business banking — such as deposits, home and business lending, credit cards and payment services — as well as wealth management, insurance, markets and specialist lending. The bank provides transaction and cash management solutions, financing and advisory services to corporate clients and institutional investors.

Headquartered in Melbourne, NAB traces its corporate origins to a 1982 merger between the National Bank of Australasia and the Commercial Banking Company of Sydney, with precursor institutions dating to the 19th century.