Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY) Short Interest Update

Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAYGet Free Report) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 7,800 shares, adeclineof24.3% from the July 15th total of 10,300 shares. Approximately0.0% of the shares of the company are short sold. Based on an average daily volume of 54,500 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 54,500 shares, the short-interest ratio is currently 0.1 days. Approximately0.0% of the shares of the company are short sold.

Commonwealth Bank of Australia Stock Up 2.0%

Shares of CMWAY stock opened at $112.67 on Thursday. The stock’s fifty day simple moving average is $116.37 and its 200 day simple moving average is $107.23. Commonwealth Bank of Australia has a one year low of $85.22 and a one year high of $127.74.

Commonwealth Bank of Australia Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, August 26th will be issued a dividend of $1.6817 per share. The ex-dividend date is Monday, August 25th. This is a boost from Commonwealth Bank of Australia’s previous dividend of $1.41. This represents a dividend yield of 282.0%.

Analysts Set New Price Targets

Separately, Zacks Research lowered Commonwealth Bank of Australia from a “strong-buy” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Read Our Latest Stock Report on Commonwealth Bank of Australia

About Commonwealth Bank of Australia

(Get Free Report)

Commonwealth Bank of Australia provides financial services in Australia, New Zealand, and internationally. It operates through Retail Banking Services, Business Banking, Institutional Banking and Markets, and New Zealand segments. The company offers transaction, savings, and foreign currency accounts; term deposits; personal and business loans; overdrafts; equipment finance; credit cards; international payment and trade; and private banking services, as well as home and car loans.

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