Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY) Short Interest Update

by · The Markets Daily

Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY – Get Free Report) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 8,524 shares, a growth of 350.5% from the June 15th total of 1,892 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 111,979 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Commonwealth Bank of Australia from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $130.18.

Read Our Latest Analysis on CMWAY

Commonwealth Bank of Australia Trading Down 0.2%

Shares of CMWAY opened at $117.80 on Tuesday. Commonwealth Bank of Australia has a 12-month low of $96.94 and a 12-month high of $136.85. The stock has a 50-day moving average price of $116.24 and a 200-day moving average price of $116.99.

Commonwealth Bank of Australia Company Profile

(Get Free Report)

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.

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