Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY) Sees Significant Decrease in Short Interest

Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 7,800 shares, adeclineof24.3% from the July 15th total of 10,300 shares. Based on an average daily trading volume, of 54,500 shares, the days-to-cover ratio is presently 0.1 days. Approximately0.0% of the company’s shares are short sold. Approximately0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 54,500 shares, the days-to-cover ratio is presently 0.1 days.

Commonwealth Bank of Australia Stock Up 0.6%

Shares of OTCMKTS:CMWAY opened at $113.98 on Friday. Commonwealth Bank of Australia has a twelve month low of $85.22 and a twelve month high of $127.74. The stock’s 50 day moving average is $116.22 and its 200-day moving average is $107.43.

Commonwealth Bank of Australia Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, August 26th will be paid a $1.6817 dividend. This is a boost from Commonwealth Bank of Australia’s previous dividend of $1.41. The ex-dividend date is Monday, August 25th. This represents a yield of 282.0%.

Analyst Ratings Changes

Separately, Zacks Research lowered Commonwealth Bank of Australia from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Commonwealth Bank of Australia Company Profile

Commonwealth Bank of Australia provides financial services in Australia, New Zealand, and internationally. It operates through Retail Banking Services, Business Banking, Institutional Banking and Markets, and New Zealand segments. The company offers transaction, savings, and foreign currency accounts; term deposits; personal and business loans; overdrafts; equipment finance; credit cards; international payment and trade; and private banking services, as well as home and car loans.