National Australia Bank Ltd. (OTCMKTS:NABZY) Shares Shorted: Short Interest Down 80.1% in September

National Australia Bank Ltd. (OTCMKTS:NABZY) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 5,961 shares, a decline of 80.1% from the September 15th total of 29,910 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 560,145 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NABZY. The Goldman Sachs Group raised National Australia Bank from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 10th. National Bank Financial upgraded shares of National Australia Bank from a “neutral” rating to a “buy” rating in a report on Wednesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $42.50.

National Australia Bank Stock Performance

Shares of OTCMKTS:NABZY opened at $13.33 on Tuesday. The stock’s 50-day moving average is $13.84 and its 200 day moving average is $13.89. National Australia Bank has a 1 year low of $12.41 and a 1 year high of $18.13.

About National Australia Bank

National Australia Bank Limited (NAB) is one of Australia’s major banking institutions. Headquartered in Melbourne, the company provides banking and financial services to individuals, small and medium-sized businesses, corporate customers and institutional clients.

NAB’s personal banking products and services include transaction and savings accounts, home loans, personal lending, credit cards, insurance and digital banking. Through its business and corporate banking operations, the company provides business accounts, lending, cash management, payments, trade finance, risk management and other financial solutions.