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

Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 1,892 shares, a decline of 50.5% from the May 31st total of 3,821 shares. Based on an average daily trading volume, of 121,094 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Commonwealth Bank of Australia Trading Up 2.1%

OTCMKTS CMWAY traded up $2.27 during trading on Thursday, hitting $112.47. The stock had a trading volume of 60,427 shares, compared to its average volume of 54,070. The company’s 50-day moving average price is $117.76 and its two-hundred day moving average price is $116.33. Commonwealth Bank of Australia has a 12 month low of $96.94 and a 12 month high of $136.85.

Wall Street Analysts Forecast Growth

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

About Commonwealth Bank of Australia

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.