National Australia Bank Ltd. (OTCMKTS:NABZY) Short Interest Down 58.4% in July

National Australia Bank Ltd. (OTCMKTS:NABZY) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 28,257 shares, a decrease of 58.4% from the July 15th total of 67,852 shares. Based on an average daily trading volume, of 1,117,240 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Several research analysts recently weighed in on NABZY shares. Zacks Research cut National Australia Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. National Bank Financial upgraded National Australia Bank from a “neutral” rating to a “buy” rating and set a $42.50 price objective on the stock in a research report on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

National Australia Bank Trading Down 4.4%

Shares of NABZY stock traded down $0.64 during mid-day trading on Monday, hitting $13.93. 5,564 shares of the stock were exchanged, compared to its average volume of 288,929. National Australia Bank has a 52-week low of $12.41 and a 52-week high of $18.13. The firm has a fifty day moving average of $13.70 and a 200 day moving average of $14.65.

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.