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

Key Points

• Short interest in Commonwealth Bank of Australia (OTCMKTS:CMWAY) increased significantly by 56.0% in August, reaching a total of 3,900 shares as of August 31st.
• The company has announced an increase in its dividend, with a new payout of $1.6817 per share, up from the previous $1.41, translating to a dividend yield of 282.0%.
• Analysts have downgraded the bank's rating from "strong-buy" to "hold," reflecting a more cautious outlook on its stock performance.

Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY - Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 3,900 shares, a growth of 56.0% from the August 15th total of 2,500 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 76,700 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 76,700 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Commonwealth Bank of Australia from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Commonwealth Bank of Australia currently has a consensus rating of "Hold".

Commonwealth Bank of Australia Trading Up 0.8%

CMWAY stock traded up $0.90 during midday trading on Friday, reaching $110.44. The company had a trading volume of 21,308 shares, compared to its average volume of 53,869. Commonwealth Bank of Australia has a 1 year low of $85.22 and a 1 year high of $127.74. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 2.18. The company has a 50 day moving average of $112.99 and a two-hundred day moving average of $108.73.

Commonwealth Bank of Australia Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, August 26th will be given a $1.6817 dividend. This represents a yield of 282.0%. The ex-dividend date is Monday, August 25th. This is a positive change from Commonwealth Bank of Australia's previous dividend of $1.41.

Commonwealth Bank of Australia Company Profile

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.