National Australia Bank Ltd. (OTCMKTS:NABZY – Get Free Report) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 67,852 shares, an increase of 788.3% from the June 30th total of 7,638 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 642,811 shares, the days-to-cover ratio is presently 0.1 days.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on NABZY shares. National Bank Financial raised National Australia Bank from a “neutral” rating to a “buy” rating and set a $42.50 price target for the company in a report on Wednesday, July 1st. Zacks Research lowered National Australia Bank from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $42.50.
Check Out Our Latest Stock Report on National Australia Bank
National Australia Bank Price Performance
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.
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