ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) Shares Shorted: Short Interest Down 48.4% in September

ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 6,457 shares, a decrease of 48.4% from the September 15th total of 12,513 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 28,710 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised ASX from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, ASX has a consensus rating of “Moderate Buy” and an average target price of $57.00.

ASX Stock Performance

Shares of OTCMKTS:ASXFY opened at $42.91 on Wednesday. ASX has a 52-week low of $32.12 and a 52-week high of $45.74. The stock’s fifty day simple moving average is $40.49 and its 200-day simple moving average is $39.09.

ASX Company Profile

ASX Limited operates the Australian Securities Exchange, one of the major financial market infrastructure providers in the Asia-Pacific region. The company provides trading, clearing, settlement and registry services across Australian equities, exchange-traded funds, interest-rate products, derivatives, warrants, bonds and other financial instruments.

ASX’s businesses include ASX Trade, its electronic trading platform; ASX Clear and ASX Clear (Futures), which provide central counterparty clearing; and ASX Settlement and Austraclear, which support the settlement and custody of securities and cash-market transactions.