National Australia Bank Ltd. (OTCMKTS:NABZY – Get Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 65,312 shares, an increase of 317.7% from the April 30th total of 15,637 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 445,864 shares, the short-interest ratio is presently 0.1 days.
National Australia Bank Price Performance
Shares of OTCMKTS:NABZY opened at $13.36 on Friday. National Australia Bank has a one year low of $11.60 and a one year high of $18.13. The company has a 50-day simple moving average of $14.57 and a 200-day simple moving average of $14.74. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 2.88.
Wall Street Analysts Forecast Growth
Separately, Zacks Research lowered shares of National Australia Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $38.00.
About National Australia Bank
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.
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