National Australia Bank Ltd. (OTCMKTS:NABZY) Short Interest Update

National Australia Bank Ltd. (OTCMKTS:NABZY) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 28,257 shares, a drop of 58.4% from the July 15th total of 67,852 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,117,240 shares, the days-to-cover ratio is currently 0.0 days.

National Australia Bank Trading Up 0.4%

Shares of OTCMKTS NABZY traded up $0.06 during midday trading on Friday, reaching $14.57. The company had a trading volume of 186,755 shares, compared to its average volume of 395,180. The business’s 50-day simple moving average is $13.70 and its 200 day simple moving average is $14.65. National Australia Bank has a 1 year low of $12.40 and a 1 year high of $18.13.

Wall Street Analyst Weigh In

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

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.