Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY) Short Interest Up 350.5% in June

Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 8,524 shares, an increase of 350.5% from the June 15th total of 1,892 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 111,979 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, Commonwealth Bank of Australia has a consensus rating of “Reduce” and a consensus price target of $130.18.

Commonwealth Bank of Australia Stock Performance

Shares of OTCMKTS:CMWAY traded down $0.19 during mid-day trading on Monday, hitting $117.90. 22,556 shares of the company traded hands, compared to its average volume of 53,988. Commonwealth Bank of Australia has a 52-week low of $96.94 and a 52-week high of $136.85. The firm’s 50 day simple moving average is $116.42 and its 200 day simple moving average is $116.92.

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.