Short Interest in Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY) Grows By 339.4%

Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 37,458 shares, a growth of 339.4% from the June 30th total of 8,524 shares. Based on an average daily volume of 113,339 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Commonwealth Bank of Australia Price Performance

Shares of CMWAY opened at $121.65 on Friday. Commonwealth Bank of Australia has a one year low of $96.94 and a one year high of $136.85. The business’s 50 day simple moving average is $115.86 and its 200-day simple moving average is $117.69.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Commonwealth Bank of Australia from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $130.18.

Commonwealth Bank of Australia Company Profile

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.