Westpac Banking Co. (OTCMKTS:WEBNF) Sees Large Drop in Short Interest

Westpac Banking Co. (OTCMKTS:WEBNF) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 4,792,800 shares, a decline of 28.6% from the April 30th total of 6,709,700 shares. Based on an average daily trading volume, of 5,400 shares, the short-interest ratio is presently 887.6 days.

Westpac Banking Stock Performance

OTCMKTS:WEBNF opened at C$20.20 on Tuesday. Westpac Banking has a 12 month low of C$16.30 and a 12 month high of C$23.28. The firm has a fifty day simple moving average of C$19.58 and a 200-day simple moving average of C$19.86.

About Westpac Banking

Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, and internationally. The company operates through Consumer, Business, Consumer and Business Banking, Westpac Institutional Bank, Specialist Businesses, and Westpac New Zealand segments. It offers savings, term deposit, business transaction, not-for-profit transaction, foreign currency, farm management deposit, project and retention trust, and statutory trust accounts; home, personal, business, and commercial loans; car and equipment finance; business overdrafts and bank guarantees; debit and credit cards; international and travel services; share trading services; investment products; and home, car, travel, life, caravan and trailer, credit card and loan repayment, boat, and business insurance products.