Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY – Get Free Report) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 3,821 shares, a growth of 131.6% from the May 14th total of 1,650 shares. Based on an average daily trading volume, of 123,204 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.
Wall Street Analysts Forecast Growth
Separately, Zacks Research cut Commonwealth Bank of Australia from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $130.18.
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Commonwealth Bank of Australia Price Performance
Commonwealth Bank of Australia Company Profile
Commonwealth Bank of Australia is one of Australia’s largest banking and financial services organizations, offering a broad range of products for individual, business and institutional customers. Established by the federal government in 1911, the group has grown into a diversified financial services company that provides everyday banking, lending, payments, wealth management and insurance solutions. The company’s securities are listed on the Australian Securities Exchange and it also has American Depositary Receipts trading OTC under the symbol CMWAY.
Core activities include retail and business banking—deposit accounts, transaction services, mortgages, credit cards and personal and commercial lending—alongside institutional banking services such as corporate finance, markets and transaction banking.
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