ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) Short Interest Up 1,033.3% in June

ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 68 shares, an increase of 1,033.3% from the June 15th total of 6 shares. Based on an average daily trading volume, of 118,388 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered ASX from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $57.00.

ASX Price Performance

ASXFY opened at $37.61 on Friday. The company has a 50-day moving average of $37.50 and a 200-day moving average of $37.40. ASX has a 1-year low of $32.12 and a 1-year high of $48.43.

ASX Company Profile

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.