National Australia Bank Ltd. (OTCMKTS:NABZY) Sees Significant Drop in Short Interest

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

Wall Street Analysts Forecast Growth

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

National Australia Bank Stock Up 0.2%

OTCMKTS:NABZY traded up $0.02 during mid-day trading on Friday, reaching $13.17. The company’s stock had a trading volume of 231,708 shares, compared to its average volume of 329,132. The company’s fifty day simple moving average is $13.86 and its two-hundred day simple moving average is $13.91. National Australia Bank has a twelve month low of $12.41 and a twelve month high of $18.13.

National Australia Bank Company Profile

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.