Short Interest in Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY) Grows By 339.4%

Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 37,458 shares, a growth of 339.4% from the June 30th total of 8,524 shares. Based on an average daily trading volume, of 113,339 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Commonwealth Bank of Australia Stock Up 1.7%

OTCMKTS CMWAY opened at $121.65 on Friday. The stock’s 50 day moving average is $115.86 and its two-hundred day moving average is $117.69. Commonwealth Bank of Australia has a 1-year low of $96.94 and a 1-year high of $136.85.

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 research note on Monday, April 13th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Commonwealth Bank of Australia has an average rating of “Reduce” and a consensus target price of $130.18.

Commonwealth Bank of Australia Company Profile

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.