National Australia Bank Ltd. (OTCMKTS:NABZY – Get Free Report) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 38,084 shares, an increase of 538.9% from the September 30th total of 5,961 shares. Based on an average daily trading volume, of 567,489 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. National Bank Financial raised shares of National Australia Bank from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 16th. The Goldman Sachs Group raised shares of National Australia Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 10th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $42.50.
View Our Latest Report on National Australia Bank
National Australia Bank Price Performance
Shares of OTCMKTS:NABZY opened at $14.30 on Tuesday. The company’s 50-day moving average price is $13.67 and its two-hundred day moving average price is $14.38. National Australia Bank has a one year low of $12.41 and a one year high of $18.13.
National Australia Bank Company Profile
National Australia Bank Limited (OTCMKTS:NABZY) is a major Australian banking and financial services company headquartered in Melbourne, Australia. The bank provides services to individual, business, corporate and institutional customers through the NAB brand and related operations.
NAB’s offerings include transaction and savings accounts, home and personal loans, credit cards, business lending, cash-flow and payment solutions, foreign exchange, trade finance, corporate banking and investment services.
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