National Australia Bank Ltd. (OTCMKTS:NABZY) Short Interest Down 66.9% in August

National Australia Bank Ltd. (OTCMKTS:NABZY) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 21,014 shares, a decline of 66.9% from the August 15th total of 63,523 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 319,152 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NABZY. National Bank Financial raised National Australia Bank from a “neutral” rating to a “buy” rating and set a $42.50 price objective for the company in a report on Wednesday, July 1st. The Goldman Sachs Group upgraded National Australia Bank from a “strong sell” rating to a “hold” rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, National Australia Bank presently has a consensus rating of “Buy” and an average price target of $42.50.

National Australia Bank Stock Up 2.0%

NABZY opened at $14.10 on Monday. The company has a 50 day moving average of $14.03 and a 200 day moving average of $14.35. National Australia Bank has a 12 month low of $12.41 and a 12 month high of $18.13.

About National Australia Bank

National Australia Bank Limited (NAB) is a major financial services company headquartered in Melbourne, Australia. Through its banking operations, NAB provides services to individuals, businesses, institutional clients and government-related organizations.

The company offers personal and business transaction accounts, savings products, residential and commercial lending, credit cards, payments, foreign exchange, treasury services and investment-related products. It also provides private banking, corporate and institutional banking, risk management and financial advisory services.