Short Interest in National Australia Bank Ltd. (OTCMKTS:NABZY) Decreases By 66.9%

National Australia Bank Ltd. (OTCMKTS:NABZY – Get Free Report) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 21,014 shares, a decrease of 66.9% from the August 15th total of 63,523 shares. Based on an average daily trading volume, of 319,152 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. The Goldman Sachs Group raised National Australia Bank from a “strong sell” rating to a “hold” rating in a research note on Thursday. National Bank Financial raised National Australia Bank from a “neutral” rating to a “buy” rating and set a $42.50 price objective for the company in a report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $42.50.

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National Australia Bank Stock Performance

Shares of OTCMKTS NABZY traded up $0.19 during mid-day trading on Friday, hitting $13.83. 562,348 shares of the stock were exchanged, compared to its average volume of 176,378. National Australia Bank has a twelve month low of $12.41 and a twelve month high of $18.13. The stock’s fifty day simple moving average is $14.03 and its two-hundred day simple moving average is $14.37.

About National Australia Bank

(Get Free Report)

National Australia Bank Limited (NAB) is a major financial services company headquartered in Melbourne, Australia. Through its banking operations, NAB provides services to individuals, businesses, institutional clients and government-related organizations.

The company offers personal and business transaction accounts, savings products, residential and commercial lending, credit cards, payments, foreign exchange, treasury services and investment-related products. It also provides private banking, corporate and institutional banking, risk management and financial advisory services.

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