ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) Short Interest Update

ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 6,844 shares, a decrease of 82.3% from the August 15th total of 38,636 shares. Based on an average daily trading volume, of 15,374 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Zacks Research raised ASX from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $57.00.

ASX Stock Down 0.9%

Shares of OTCMKTS ASXFY opened at $39.36 on Friday. The stock has a fifty day moving average price of $39.53 and a 200 day moving average price of $38.35. ASX has a 1-year low of $32.12 and a 1-year high of $45.74.

ASX Company Profile

ASX Limited operates the Australian Securities Exchange, one of Australia’s major financial market infrastructure providers. The company facilitates the listing and trading of equities, exchange-traded funds, debt securities, warrants, derivatives and other investment products for Australian and international participants.

Through its market infrastructure businesses, ASX provides trading, clearing, settlement, registry and issuer services. It also offers market data, technology and connectivity solutions that support brokers, investors, listed companies, financial institutions and other market participants.

ASX traces its origins to Australia’s former state-based stock exchanges, which were consolidated into a national exchange in 1987.