ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) Stock Short Interest Drops 74.0%

ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) was the target of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 7,205 shares, a decrease of 74.0% from the October 15th total of 27,715 shares. Based on an average daily trading volume, of 19,042 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

ASX Stock Down 0.5%

Shares of ASXFY stock opened at $45.59 on Friday. ASX has a 52 week low of $32.12 and a 52 week high of $47.10. The firm’s 50-day simple moving average is $42.76 and its two-hundred day simple moving average is $39.50.

Analyst Ratings Changes

Separately, Zacks Research lowered ASX from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 2nd. Three investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $57.00.

About ASX

ASX Limited operates the Australian Securities Exchange and provides markets and services for companies, investors and financial institutions. Its offerings include company listings and trading in shares, exchange-traded funds, bonds and derivatives, as well as market data and technology services. The company also provides post-trade services, including clearing and settlement for securities and derivatives transactions. Its markets and services support participants in Australia and connect them with international investors and businesses.