Commonwealth Bank of Australia (OTCMKTS:CMWAY) Sees Large Decline in Short Interest

Commonwealth Bank of Australia (OTCMKTS:CMWAY) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 8,700 shares, a decrease of 10.3% from the March 15th total of 9,700 shares. Based on an average daily volume of 29,400 shares, the days-to-cover ratio is currently 0.3 days.

Commonwealth Bank of Australia Price Performance

Shares of CMWAY opened at $71.80 on Wednesday. Commonwealth Bank of Australia has a 1 year low of $59.95 and a 1 year high of $81.92. The company’s 50-day simple moving average is $76.77 and its 200-day simple moving average is $72.25.

Commonwealth Bank of Australia Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, April 8th. Investors of record on Monday, February 26th were issued a $1.3732 dividend. The ex-dividend date was Friday, February 23rd.

About Commonwealth Bank of Australia

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.