Short Interest in National Australia Bank Ltd. (OTCMKTS:NABZY) Drops By 70.4%

National Australia Bank Ltd. (OTCMKTS:NABZY) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 27,039 shares, a drop of 70.4% from the November 30th total of 91,229 shares. Based on an average trading volume of 353,953 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 353,953 shares, the days-to-cover ratio is currently 0.1 days.

National Australia Bank Stock Performance

Shares of National Australia Bank stock traded up $0.03 during trading on Friday, reaching $14.35. 84,222 shares of the stock traded hands, compared to its average volume of 247,781. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 2.88. National Australia Bank has a 52-week low of $9.32 and a 52-week high of $15.13. The business has a fifty day simple moving average of $13.85 and a two-hundred day simple moving average of $13.57.

Analyst Ratings Changes

A number of brokerages have weighed in on NABZY. National Bankshares began coverage on National Australia Bank in a research report on Wednesday, October 8th. They issued a “sell” rating and a $38.00 price target for the company. The Goldman Sachs Group upgraded shares of National Australia Bank to a “strong sell” rating in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, National Australia Bank currently has a consensus rating of “Sell” and an average target price of $38.00.

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.