National Australia Bank Ltd. (OTCMKTS:NABZY) Short Interest Update

National Australia Bank Ltd. (OTCMKTS:NABZY) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 78,800 shares, a decrease of 34.8% from the September 30th total of 120,900 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 289,200 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 289,200 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

NABZY has been the topic of a number of recent analyst reports. National Bankshares initiated coverage on shares of National Australia Bank in a research note on Wednesday, October 8th. They issued a “sell” rating and a $38.00 target price on the stock. The Goldman Sachs Group raised shares of National Australia Bank to a “strong sell” rating in a research report on Wednesday, October 8th. Two 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 target price of $38.00.

National Australia Bank Price Performance

Shares of OTCMKTS:NABZY traded up $0.07 during trading on Monday, reaching $14.35. 5,933 shares of the company’s stock traded hands, compared to its average volume of 260,453. National Australia Bank has a 12 month low of $9.32 and a 12 month high of $15.13. The company has a 50 day moving average of $14.30 and a 200-day moving average of $13.08.

About National Australia Bank

National Australia Bank Limited provides financial services to individuals and businesses in Australia, New Zealand, and internationally. The company operates through Business and Private Banking; Personal Banking; Corporate and Institutional Banking; New Zealand Banking; and Corporate Functions and Other segments.