ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) Shares Shorted: Short Interest Down 48.4% in September

ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 6,457 shares, a drop of 48.4% from the September 15th total of 12,513 shares. Based on an average trading volume of 28,710 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Zacks Research raised shares of ASX from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $57.00.

ASX Stock Up 0.2%

OTCMKTS:ASXFY opened at $42.91 on Wednesday. ASX has a fifty-two week low of $32.12 and a fifty-two week high of $45.74. The firm’s fifty day simple moving average is $40.49 and its 200-day simple moving average is $39.09.

About ASX

ASX Limited operates the Australian Securities Exchange, one of the major financial market infrastructure providers in the Asia-Pacific region. The company provides trading, clearing, settlement and registry services across Australian equities, exchange-traded funds, interest-rate products, derivatives, warrants, bonds and other financial instruments.

ASX’s businesses include ASX Trade, its electronic trading platform; ASX Clear and ASX Clear (Futures), which provide central counterparty clearing; and ASX Settlement and Austraclear, which support the settlement and custody of securities and cash-market transactions.