Short Interest in National Australia Bank Ltd. (OTCMKTS:NABZY) Grows By 317.7%

National Australia Bank Ltd. (OTCMKTS:NABZY – Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 65,312 shares, an increase of 317.7% from the April 30th total of 15,637 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 445,864 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of 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 given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, National Australia Bank presently has an average rating of “Hold” and an average target price of $38.00.

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National Australia Bank Stock Down 0.1%

Shares of NABZY opened at $13.36 on Friday. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.23 and a quick ratio of 1.23. National Australia Bank has a 1-year low of $11.60 and a 1-year high of $18.13. The firm has a fifty day moving average price of $14.57 and a 200 day moving average price of $14.74.

National Australia Bank Company Profile

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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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