National Australia Bank Ltd. (OTCMKTS:NABZY) Short Interest Update

National Australia Bank Ltd. (OTCMKTS:NABZY) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 67,852 shares, an increase of 788.3% from the June 30th total of 7,638 shares. Based on an average trading volume of 642,811 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

NABZY has been the topic of several research analyst reports. Zacks Research cut shares of National Australia Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. National Bank Financial upgraded shares of National Australia Bank from a “neutral” rating to a “buy” rating and set a $42.50 target price for the company in a research report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, National Australia Bank currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

National Australia Bank Trading Up 2.9%

Shares of OTCMKTS:NABZY opened at $14.19 on Friday. The company’s fifty day moving average is $13.31 and its 200 day moving average is $14.60. National Australia Bank has a 52 week low of $12.07 and a 52 week high of $18.13.

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.