Short Interest in National Australia Bank Ltd. (OTCMKTS:NABZY) Decreases By 66.9%

National Australia Bank Ltd. (OTCMKTS:NABZY) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 21,014 shares, a drop of 66.9% from the August 15th total of 63,523 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 319,152 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

NABZY has been the topic of several analyst reports. The Goldman Sachs Group upgraded shares of National Australia Bank from a “strong sell” rating to a “hold” rating in a report on Thursday. National Bank Financial upgraded National Australia Bank from a “neutral” rating to a “buy” rating and set a $42.50 price objective on the stock in a report on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, National Australia Bank has an average rating of “Buy” and an average price target of $42.50.

National Australia Bank Stock Up 1.4%

Shares of OTCMKTS:NABZY traded up $0.19 during mid-day trading on Friday, reaching $13.83. 562,348 shares of the stock were exchanged, compared to its average volume of 176,378. National Australia Bank has a one year low of $12.41 and a one year high of $18.13. The stock’s 50 day simple moving average is $14.03 and its 200-day simple moving average is $14.37.

National Australia Bank Company Profile

National Australia Bank Limited (NAB) is a major financial services company headquartered in Melbourne, Australia. Through its banking operations, NAB provides services to individuals, businesses, institutional clients and government-related organizations.

The company offers personal and business transaction accounts, savings products, residential and commercial lending, credit cards, payments, foreign exchange, treasury services and investment-related products. It also provides private banking, corporate and institutional banking, risk management and financial advisory services.