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

National Australia Bank Ltd. (OTCMKTS:NABZY) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 63,523 shares, a growth of 124.8% from the July 30th total of 28,257 shares. Based on an average daily volume of 267,097 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, National Bank Financial raised shares of National Australia Bank from a “neutral” rating to a “buy” rating and set a $42.50 price objective for the company in a research note on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

National Australia Bank Price Performance

NABZY traded up $0.03 on Friday, reaching $13.66. The company had a trading volume of 205,302 shares, compared to its average volume of 202,293. The stock has a 50-day moving average price of $13.88 and a 200-day moving average price of $14.55. National Australia Bank has a 1 year low of $12.41 and a 1 year high of $18.13.

National Australia Bank Company Profile

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.