National Australia Bank Ltd. (OTCMKTS:NABZY) Short Interest Down 70.4% in December

National Australia Bank Ltd. (OTCMKTS:NABZY) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 27,039 shares, a decrease of 70.4% from the November 30th total of 91,229 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 353,953 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 353,953 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Several equities research analysts have commented on NABZY shares. The Goldman Sachs Group upgraded National Australia Bank to a “strong sell” rating in a research note on Wednesday, October 8th. National Bankshares began coverage on shares of National Australia Bank in a research report on Wednesday, October 8th. They issued a “sell” rating and a $38.00 price objective on the stock. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell” and a consensus price target of $38.00.

National Australia Bank Stock Up 0.2%

Shares of OTCMKTS NABZY traded up $0.03 during trading hours on Friday, hitting $14.35. The company had a trading volume of 84,222 shares, compared to its average volume of 178,372. National Australia Bank has a 1-year low of $9.32 and a 1-year high of $15.13. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 2.88. The firm’s 50 day moving average is $13.85 and its 200-day moving average is $13.59.

About National Australia Bank

National Australia Bank (OTCMKTS: NABZY) is one of Australia’s largest banking groups, offering a broad range of financial services to retail, small business, corporate and institutional customers. Its core activities include personal and business banking — such as deposits, home and business lending, credit cards and payment services — as well as wealth management, insurance, markets and specialist lending. The bank provides transaction and cash management solutions, financing and advisory services to corporate clients and institutional investors.

Headquartered in Melbourne, NAB traces its corporate origins to a 1982 merger between the National Bank of Australasia and the Commercial Banking Company of Sydney, with precursor institutions dating to the 19th century.