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

National Australia Bank Ltd. (OTCMKTS:NABZY) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 67,852 shares, an increase of 788.3% from the June 30th total of 7,638 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 642,811 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Several research analysts recently commented on NABZY shares. Zacks Research downgraded shares of National Australia Bank from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. National Bank Financial upgraded shares of National Australia Bank from a “neutral” rating to a “buy” rating and set a $42.50 price target for the company in a report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.50.

National Australia Bank Stock Performance

Shares of NABZY stock opened at $14.19 on Friday. The company’s fifty day moving average price is $13.31 and its 200-day moving average price is $14.60. National Australia Bank has a 12 month low of $12.07 and a 12 month high of $18.13.

About National Australia Bank

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.