National Australia Bank Ltd. (OTCMKTS:NABZY) Stock Short Interest Jumps 538.9%

National Australia Bank Ltd. (OTCMKTS:NABZY) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 38,084 shares, an increase of 538.9% from the September 30th total of 5,961 shares. Based on an average daily trading volume, of 567,489 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

National Australia Bank Stock Performance

National Australia Bank stock opened at $14.30 on Tuesday. National Australia Bank has a 52-week low of $12.41 and a 52-week high of $18.13. The firm has a 50 day moving average price of $13.67 and a two-hundred day moving average price of $14.38.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. The Goldman Sachs Group raised National Australia Bank from a “strong sell” rating to a “hold” rating in a report on Thursday, September 10th. National Bank Financial upgraded National Australia Bank from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $42.50.

National Australia Bank Company Profile

National Australia Bank Limited (OTCMKTS:NABZY) is a major Australian banking and financial services company headquartered in Melbourne, Australia. The bank provides services to individual, business, corporate and institutional customers through the NAB brand and related operations.

NAB’s offerings include transaction and savings accounts, home and personal loans, credit cards, business lending, cash-flow and payment solutions, foreign exchange, trade finance, corporate banking and investment services.