ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) Short Interest Up 31,669.1% in July

ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 21,603 shares, an increase of 31,669.1% from the June 30th total of 68 shares. Based on an average trading volume of 57,003 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded ASX from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, ASX presently has a consensus rating of “Reduce” and a consensus target price of $57.00.

ASX Trading Down 0.9%

OTCMKTS ASXFY opened at $38.09 on Friday. ASX has a one year low of $32.12 and a one year high of $46.16. The stock has a 50-day moving average of $36.70 and a 200 day moving average of $37.70.

About ASX

The Australian Securities Exchange (OTCMKTS:ASXFY) is Australia’s primary securities exchange operator, providing a comprehensive range of capital-markets services. Its core activities include the listing and trading of equities, exchange-traded funds, fixed income products, derivatives and commodities. ASX also operates clearing and settlement facilities through its Clearing House Electronic Subregister System (CHESS), ensuring the integrity and efficiency of post-trade processes for both domestic and international participants.

Established in 1987 through the merger of six state-based exchanges and demutualized in 1998, ASX has continually invested in market infrastructure and technology.