Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY – Get Free Report) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 3,821 shares, a growth of 131.6% from the May 14th total of 1,650 shares. Based on an average daily volume of 123,204 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.
Commonwealth Bank of Australia Price Performance
OTCMKTS:CMWAY opened at $113.21 on Monday. The firm has a 50 day simple moving average of $121.36 and a 200-day simple moving average of $115.19. Commonwealth Bank of Australia has a 1-year low of $96.94 and a 1-year high of $136.85.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded shares of Commonwealth Bank of Australia from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $130.18.
About Commonwealth Bank of Australia
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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