ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) Sees Significant Growth in Short Interest

ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 38,636 shares, an increase of 171.5% from the July 30th total of 14,233 shares. Based on an average daily volume of 29,576 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.0% of the shares of the company are sold short.

ASX Stock Down 0.4%

Shares of ASXFY traded down $0.17 on Friday, hitting $39.61. The company’s stock had a trading volume of 5,798 shares, compared to its average volume of 13,479. ASX has a fifty-two week low of $32.12 and a fifty-two week high of $45.74. The company has a 50 day moving average price of $38.65 and a 200 day moving average price of $38.28.

Analyst Ratings Changes

Separately, Zacks Research raised ASX from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, ASX presently has a consensus rating of “Hold” and an average price target of $57.00.

ASX Company Profile

The Australian Securities Exchange (OTCMKTS:ASXFY) is Australia’s primary securities exchange operator, providing a comprehensive range of capital-markets services. Its core activities include the listing and trading of equities, exchange-traded funds, fixed income products, derivatives and commodities. ASX also operates clearing and settlement facilities through its Clearing House Electronic Subregister System (CHESS), ensuring the integrity and efficiency of post-trade processes for both domestic and international participants.

Established in 1987 through the merger of six state-based exchanges and demutualized in 1998, ASX has continually invested in market infrastructure and technology.