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

National Australia Bank Ltd. (OTCMKTS:NABZY) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 28,257 shares, a decrease of 58.4% from the July 15th total of 67,852 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 1,117,240 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Several research firms have issued reports on NABZY. Zacks Research downgraded National Australia Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. National Bank Financial upgraded National Australia Bank from a “neutral” rating to a “buy” rating and set a $42.50 target price for the company in a research note on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $42.50.

National Australia Bank Stock Up 0.4%

OTCMKTS:NABZY opened at $14.57 on Friday. The stock has a 50 day moving average of $13.70 and a 200-day moving average of $14.65. National Australia Bank has a 52 week low of $12.40 and a 52 week high of $18.13.

National Australia Bank Company Profile

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.