Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY – Get Free Report) saw a significant increase in short interest in the month of 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 company’s stock are short sold. Based on an average daily volume of 113,339 shares, the days-to-cover ratio is presently 0.3 days.
Wall Street Analyst Weigh In
Separately, Zacks Research lowered Commonwealth Bank of Australia from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Commonwealth Bank of Australia currently has an average rating of “Reduce” and an average target price of $130.18.
View Our Latest Stock Report on Commonwealth Bank of Australia
Commonwealth Bank of Australia Price Performance
Commonwealth Bank of Australia Company Profile
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.
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