ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) Sees Significant Drop in Short Interest

ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 6,844 shares, a drop of 82.3% from the August 15th total of 38,636 shares. Based on an average daily volume of 15,374 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

ASX Price Performance

ASX stock opened at $39.36 on Friday. The firm has a 50 day moving average price of $39.53 and a 200-day moving average price of $38.35. ASX has a twelve month low of $32.12 and a twelve month high of $45.74.

Analyst Ratings Changes

Separately, Zacks Research upgraded ASX from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, ASX has an average rating of “Hold” and an average target price of $57.00.

ASX Company Profile

ASX Limited operates the Australian Securities Exchange, one of Australia’s major financial market infrastructure providers. The company facilitates the listing and trading of equities, exchange-traded funds, debt securities, warrants, derivatives and other investment products for Australian and international participants.

Through its market infrastructure businesses, ASX provides trading, clearing, settlement, registry and issuer services. It also offers market data, technology and connectivity solutions that support brokers, investors, listed companies, financial institutions and other market participants.

ASX traces its origins to Australia’s former state-based stock exchanges, which were consolidated into a national exchange in 1987.