Short Interest in National Australia Bank Ltd. (OTCMKTS:NABZY) Decreases By 53.7%

National Australia Bank Ltd. (OTCMKTS:NABZY) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 30,254 shares, a decline of 53.7% from the May 14th total of 65,312 shares. Based on an average daily volume of 744,497 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of National Australia Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $38.00.

National Australia Bank Trading Up 0.9%

Shares of OTCMKTS:NABZY traded up $0.11 during midday trading on Friday, reaching $12.79. The company’s stock had a trading volume of 715,492 shares, compared to its average volume of 411,393. The firm has a 50 day moving average of $14.08 and a 200-day moving average of $14.67. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 2.88. National Australia Bank has a 12-month low of $11.76 and a 12-month high of $18.13.

About National Australia Bank

National Australia Bank (OTCMKTS: NABZY) is one of Australia’s largest banking groups, offering a broad range of financial services to retail, small business, corporate and institutional customers. Its core activities include personal and business banking — such as deposits, home and business lending, credit cards and payment services — as well as wealth management, insurance, markets and specialist lending. The bank provides transaction and cash management solutions, financing and advisory services to corporate clients and institutional investors.

Headquartered in Melbourne, NAB traces its corporate origins to a 1982 merger between the National Bank of Australasia and the Commercial Banking Company of Sydney, with precursor institutions dating to the 19th century.