Short Interest in ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) Rises By 31,669.1%

ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 21,603 shares, a growth of 31,669.1% from the June 30th total of 68 shares. Based on an average daily volume of 57,003 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

ASX Stock Down 0.9%

Shares of ASXFY traded down $0.35 during trading hours on Friday, reaching $38.09. 14,345 shares of the stock traded hands, compared to its average volume of 45,202. The company’s 50-day moving average price is $36.78 and its two-hundred day moving average price is $37.70. ASX has a 52-week low of $32.12 and a 52-week high of $46.16.

Wall Street Analyst Weigh In

Separately, Zacks Research cut ASX from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $57.00.

About ASX

The Australian Securities Exchange (OTCMKTS:ASXFY) is Australia’s primary securities exchange operator, providing a comprehensive range of capital-markets services. Its core activities include the listing and trading of equities, exchange-traded funds, fixed income products, derivatives and commodities. ASX also operates clearing and settlement facilities through its Clearing House Electronic Subregister System (CHESS), ensuring the integrity and efficiency of post-trade processes for both domestic and international participants.

Established in 1987 through the merger of six state-based exchanges and demutualized in 1998, ASX has continually invested in market infrastructure and technology.