ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) Sees Large Growth in Short Interest

ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 12,513 shares, an increase of 82.8% from the August 31st total of 6,844 shares. Based on an average daily trading volume, of 24,618 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s shares are sold short.

ASX Stock Performance

ASX stock opened at $40.67 on Thursday. The company’s 50-day moving average price is $39.93 and its 200-day moving average price is $38.65. ASX has a twelve month low of $32.12 and a twelve month high of $45.74.

Analyst Ratings Changes

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

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.