Commonwealth Bank of Australia (OTCMKTS:CBAUF) Sees Significant Increase in Short Interest

Commonwealth Bank of Australia (OTCMKTS:CBAUF) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 12,035,400 shares, an increase of 12.5% from the June 15th total of 10,699,800 shares. Based on an average trading volume of 10,100 shares, the days-to-cover ratio is currently 1,191.6 days.

Commonwealth Bank of Australia Price Performance

OTCMKTS CBAUF remained flat at $87.68 on Tuesday. 1 shares of the company were exchanged, compared to its average volume of 464. The company’s 50 day moving average price is $78.77 and its 200-day moving average price is $76.60. Commonwealth Bank of Australia has a twelve month low of $61.00 and a twelve month high of $87.68.

Commonwealth Bank of Australia Company Profile

Commonwealth Bank of Australia provides financial services in Australia, New Zealand, and internationally. It operates through Retail Banking Services, Business Banking, Institutional Banking and Markets, and New Zealand segments. The company offers transaction, savings, and foreign currency accounts; term deposits; personal and business loans; overdrafts; equipment finance; credit cards; international payment and trade; and private banking services, as well as home and car loans.