Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY) Short Interest Up 339.4% in July

Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 37,458 shares, an increase of 339.4% from the June 30th total of 8,524 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 113,339 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

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

Commonwealth Bank of Australia Trading Up 1.1%

Shares of CMWAY stock opened at $122.93 on Tuesday. Commonwealth Bank of Australia has a fifty-two week low of $96.94 and a fifty-two week high of $136.85. The stock has a 50 day moving average price of $115.99 and a two-hundred day moving average price of $117.87.

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.