National Australia Bank Ltd. (OTCMKTS:NABZY) Short Interest Down 79.6% in June

National Australia Bank Ltd. (OTCMKTS:NABZY) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 7,638 shares, a decrease of 79.6% from the June 15th total of 37,466 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,211,134 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. National Bank Financial raised National Australia Bank from a “neutral” rating to a “buy” rating and set a $42.50 price target for the company in a research report on Wednesday, July 1st. Zacks Research lowered National Australia Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, National Australia Bank presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

National Australia Bank Price Performance

Shares of National Australia Bank stock traded up $0.18 on Friday, reaching $13.81. The stock had a trading volume of 199,814 shares, compared to its average volume of 466,802. The business’s 50-day moving average price is $13.34 and its two-hundred day moving average price is $14.63. National Australia Bank has a fifty-two week low of $11.76 and a fifty-two week 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.