Short Interest in ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) Declines By 99.9%

ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 25 shares, a drop of 99.9% from the May 14th total of 24,261 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 78,952 shares, the days-to-cover ratio is presently 0.0 days.

ASX Stock Down 0.4%

OTCMKTS:ASXFY traded down $0.12 during mid-day trading on Tuesday, hitting $33.31. The stock had a trading volume of 122,819 shares, compared to its average volume of 46,658. The stock has a 50-day simple moving average of $39.52 and a two-hundred day simple moving average of $37.65. ASX has a twelve month low of $32.12 and a twelve month high of $48.43.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of ASX to a “hold” rating in a research note on Tuesday, April 7th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $57.00.

ASX Company Profile

The Australian Securities Exchange (OTCMKTS:ASXFY) is Australia’s primary securities exchange operator, providing a comprehensive range of capital-markets services. Its core activities include the listing and trading of equities, exchange-traded funds, fixed income products, derivatives and commodities. ASX also operates clearing and settlement facilities through its Clearing House Electronic Subregister System (CHESS), ensuring the integrity and efficiency of post-trade processes for both domestic and international participants.

Established in 1987 through the merger of six state-based exchanges and demutualized in 1998, ASX has continually invested in market infrastructure and technology.