Canadian Western Bank (OTCMKTS:CBWBF) Sees Significant Drop in Short Interest

Canadian Western Bank (OTCMKTS:CBWBF) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 1,961,500 shares, a decrease of 6.3% from the March 15th total of 2,093,800 shares. Based on an average daily trading volume, of 2,800 shares, the days-to-cover ratio is currently 700.5 days.

Canadian Western Bank Price Performance

Canadian Western Bank stock opened at $19.09 on Thursday. Canadian Western Bank has a one year low of $16.94 and a one year high of $23.55. The company’s fifty day moving average price is $20.68 and its two-hundred day moving average price is $21.33.

About Canadian Western Bank

Canadian Western Bank provides personal and business banking products and services in Western Canada. The company offers current, savings, US dollar, chequing, flex notice, organization, business trust, and trust fund investment accounts. It also offers commercial lending and real estate, equipment financing and leasing, aviation financing, and dealership financing products; agriculture lending products and AgriInvest savings account; variable and fixed rate mortgages; line of credit; registered retirement savings plan, consolidation, and vehicle loans; and credit cards.