Free Trial

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

Commonwealth Bank of Australia logo with Finance background

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.
  • Five stocks to consider instead of Commonwealth Bank of Australia.

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

Commonwealth Bank of Australia Trading Down 0.1%

CMWAY opened at $112.38 on Monday. Commonwealth Bank of Australia has a fifty-two week low of $85.22 and a fifty-two week high of $127.74. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 2.18. The company's 50-day moving average price is $113.43 and its 200 day moving average price is $108.49.

Commonwealth Bank of Australia Increases Dividend

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

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Commonwealth Bank of Australia from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Commonwealth Bank of Australia presently has an average rating of "Hold".

View Our Latest Report on Commonwealth Bank of Australia

Commonwealth Bank of Australia Company Profile

(Get Free Report)

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.

Read More

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Commonwealth Bank of Australia Right Now?

Before you consider Commonwealth Bank of Australia, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Commonwealth Bank of Australia wasn't on the list.

While Commonwealth Bank of Australia currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Ride The A.I. Megaboom Cover


We are about to experience the greatest A.I. boom in stock market history...

Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.

That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.

  1. The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
  2. The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
  3. Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.

Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.

And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...

Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.

Get This Free Report
Like this article? Share it with a colleague.