National Australia Bank Ltd. (OTCMKTS:NABZY) Short Interest Update

National Australia Bank Ltd. (OTCMKTS:NABZY) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 30,254 shares, a decrease of 53.7% from the May 14th total of 65,312 shares. Based on an average daily volume of 744,497 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

National Australia Bank Price Performance

National Australia Bank stock traded up $0.11 during trading on Friday, hitting $12.79. 715,492 shares of the company were exchanged, compared to its average volume of 428,450. The business’s 50 day moving average is $14.08 and its 200 day moving average is $14.67. National Australia Bank has a 52 week low of $11.76 and a 52 week high of $18.13. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 2.88.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered National Australia Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $38.00.

National Australia Bank Company Profile

National Australia Bank (OTCMKTS: NABZY) is one of Australia’s largest banking groups, offering a broad range of financial services to retail, small business, corporate and institutional customers. Its core activities include personal and business banking — such as deposits, home and business lending, credit cards and payment services — as well as wealth management, insurance, markets and specialist lending. The bank provides transaction and cash management solutions, financing and advisory services to corporate clients and institutional investors.

Headquartered in Melbourne, NAB traces its corporate origins to a 1982 merger between the National Bank of Australasia and the Commercial Banking Company of Sydney, with precursor institutions dating to the 19th century.