Short Interest in National Australia Bank Ltd. (OTCMKTS:NABZY) Decreases By 53.7%

National Australia Bank Ltd. (OTCMKTS:NABZY) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 30,254 shares, a decrease of 53.7% from the May 14th total of 65,312 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 744,497 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Zacks Research cut shares of National Australia Bank from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $38.00.

National Australia Bank Stock Performance

Shares of OTCMKTS:NABZY traded up $0.11 during trading on Friday, hitting $12.79. The company’s stock had a trading volume of 715,492 shares, compared to its average volume of 411,393. The company has a 50-day moving average of $14.08 and a 200-day moving average of $14.67. National Australia Bank has a 12 month low of $11.76 and a 12 month high of $18.13. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.23 and a quick ratio of 1.23.

About National Australia Bank

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.