National Australia Bank Ltd. (OTCMKTS:NABZY) Sees Significant Decline in Short Interest

National Australia Bank Ltd. (OTCMKTS:NABZY) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 21,014 shares, a decrease of 66.9% from the August 15th total of 63,523 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 319,152 shares, the short-interest ratio is currently 0.1 days.

National Australia Bank Stock Performance

NABZY traded up $0.19 on Friday, reaching $13.83. 562,348 shares of the company’s stock were exchanged, compared to its average volume of 195,153. The stock’s fifty day moving average price is $14.03 and its 200-day moving average price is $14.35. National Australia Bank has a twelve month low of $12.41 and a twelve month high of $18.13.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. The Goldman Sachs Group raised shares of National Australia Bank from a “strong sell” rating to a “hold” rating in a report on Thursday. National Bank Financial raised shares of National Australia Bank from a “neutral” rating to a “buy” rating and set a $42.50 price target on the stock in a research note on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, National Australia Bank has an average rating of “Buy” and an average target price of $42.50.

National Australia Bank Company Profile

National Australia Bank Limited (NAB) is a major financial services company headquartered in Melbourne, Australia. Through its banking operations, NAB provides services to individuals, businesses, institutional clients and government-related organizations.

The company offers personal and business transaction accounts, savings products, residential and commercial lending, credit cards, payments, foreign exchange, treasury services and investment-related products. It also provides private banking, corporate and institutional banking, risk management and financial advisory services.