Short Interest in Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY) Expands By 131.6%

Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAYGet Free Report) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 3,821 shares, an increase of 131.6% from the May 14th total of 1,650 shares. Based on an average daily trading volume, of 123,204 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Commonwealth Bank of Australia Price Performance

CMWAY stock opened at $113.21 on Friday. The business has a fifty day moving average of $121.36 and a two-hundred day moving average of $115.09. Commonwealth Bank of Australia has a 52-week low of $96.94 and a 52-week high of $136.85.

Analysts Set New Price Targets

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

View Our Latest Research Report on Commonwealth Bank of Australia

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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