National Australia Bank Ltd. (OTCMKTS:NABZY – Get Free Report) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 65,312 shares, a growth of 317.7% from the April 30th total of 15,637 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 445,864 shares, the days-to-cover ratio is presently 0.1 days.
Wall Street Analyst Weigh In
Separately, Zacks Research cut National Australia Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, National Australia Bank has a consensus rating of “Hold” and an average price target of $38.00.
Check Out Our Latest Research Report on National Australia Bank
National Australia Bank Stock Up 0.4%
National Australia Bank Company Profile
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.
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