Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY) Short Interest Down 92.3% in May

Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY) saw a large decrease in short interest in May. As of May 15th, there was short interest totaling 1,650 shares, a decrease of 92.3% from the April 30th total of 21,483 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 95,475 shares, the days-to-cover ratio is presently 0.0 days.

Commonwealth Bank of Australia Stock Performance

Commonwealth Bank of Australia stock traded down $0.60 during midday trading on Wednesday, reaching $117.25. 52,316 shares of the stock were exchanged, compared to its average volume of 52,834. The company’s fifty day moving average is $122.98 and its 200-day moving average is $114.25. Commonwealth Bank of Australia has a 52 week low of $96.94 and a 52 week high of $136.85.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Commonwealth Bank of Australia from a “strong-buy” rating to a “hold” rating in a research note 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $130.18.

About Commonwealth Bank of Australia

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.