National Australia Bank Ltd. (OTCMKTS:NABZY) Shares Shorted: Short Interest Up 538.9% in October

National Australia Bank Ltd. (OTCMKTS:NABZY) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 38,084 shares, an increase of 538.9% from the September 30th total of 5,961 shares. Based on an average trading volume of 567,489 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

National Australia Bank Price Performance

Shares of NABZY stock traded up $0.07 during trading hours on Wednesday, hitting $14.21. The stock had a trading volume of 38,730 shares, compared to its average volume of 281,438. National Australia Bank has a twelve month low of $12.41 and a twelve month high of $18.13. The stock’s 50 day moving average is $13.67 and its 200 day moving average is $14.39.

Analyst Upgrades and Downgrades

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

National Australia Bank Company Profile

National Australia Bank Limited (OTCMKTS:NABZY) is a major Australian banking and financial services company headquartered in Melbourne, Australia. The bank provides services to individual, business, corporate and institutional customers through the NAB brand and related operations.

NAB’s offerings include transaction and savings accounts, home and personal loans, credit cards, business lending, cash-flow and payment solutions, foreign exchange, trade finance, corporate banking and investment services.