Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY) Short Interest Up 131.6% in May

Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 3,821 shares, a growth of 131.6% from the May 14th total of 1,650 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 123,204 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Commonwealth Bank of Australia from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $130.18.

Commonwealth Bank of Australia Price Performance

Shares of OTCMKTS CMWAY opened at $113.21 on Friday. The company’s fifty day moving average price is $121.36 and its 200 day moving average price is $115.09. Commonwealth Bank of Australia has a 1 year low of $96.94 and a 1 year high of $136.85.

Commonwealth Bank of Australia Company Profile

Commonwealth Bank of Australia is one of Australia’s largest banking and financial services organizations, offering a broad range of products for individual, business and institutional customers. Established by the federal government in 1911, the group has grown into a diversified financial services company that provides everyday banking, lending, payments, wealth management and insurance solutions. The company’s securities are listed on the Australian Securities Exchange and it also has American Depositary Receipts trading OTC under the symbol CMWAY.

Core activities include retail and business banking—deposit accounts, transaction services, mortgages, credit cards and personal and commercial lending—alongside institutional banking services such as corporate finance, markets and transaction banking.