Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY) Sees Large Drop in Short Interest

Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAYGet Free Report) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 1,892 shares, a decline of 50.5% from the May 31st total of 3,821 shares. Based on an average trading volume of 121,094 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Commonwealth Bank of Australia from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $130.18.

Read Our Latest Stock Report on Commonwealth Bank of Australia

Commonwealth Bank of Australia Stock Up 0.6%

Shares of OTCMKTS CMWAY opened at $113.31 on Tuesday. The business has a 50-day moving average of $118.44 and a two-hundred day moving average of $116.20. Commonwealth Bank of Australia has a 1 year low of $96.94 and a 1 year high of $136.85.

About Commonwealth Bank of Australia

(Get Free Report)

Commonwealth Bank of Australia is one of Australia’s largest banking and financial services organizations, offering a broad range of products for individual, business and institutional customers. Established by the federal government in 1911, the group has grown into a diversified financial services company that provides everyday banking, lending, payments, wealth management and insurance solutions. The company’s securities are listed on the Australian Securities Exchange and it also has American Depositary Receipts trading OTC under the symbol CMWAY.

Core activities include retail and business banking—deposit accounts, transaction services, mortgages, credit cards and personal and commercial lending—alongside institutional banking services such as corporate finance, markets and transaction banking.

Recommended Stories

Receive News & Ratings for Commonwealth Bank of Australia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commonwealth Bank of Australia and related companies with MarketBeat.com's FREE daily email newsletter.