National Australia Bank Ltd. (OTCMKTS:NABZY) Sees Large Decline in Short Interest

Key Points

• National Australia Bank Ltd. (NABZY) experienced a significant drop in short interest, falling 33.4% from July to August, totaling 69,700 shares as of August 15th.
• The company's stock price increased by $0.06 to reach $14.16, with a trading volume of 188,155 shares on the last trading day reported.
• National Australia Bank operates in various banking sectors, providing services to both individuals and businesses across Australia, New Zealand, and internationally.

National Australia Bank Ltd. (OTCMKTS:NABZY - Get Free Report) was the target of a significant decrease in short interest during the month of August. As of August 15th, there was short interest totaling 69,700 shares, a decrease of 33.4% from the July 31st total of 104,600 shares. Based on an average daily volume of 264,600 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 264,600 shares, the days-to-cover ratio is presently 0.3 days.

National Australia Bank Price Performance

Shares of NABZY traded up $0.01 during mid-day trading on Friday, hitting $14.45. 134,737 shares of the company traded hands, compared to its average volume of 282,699. National Australia Bank has a one year low of $9.32 and a one year high of $14.48. The business has a 50-day moving average of $13.13 and a 200 day moving average of $12.09.

About National Australia Bank

National Australia Bank Limited provides financial services to individuals and businesses in Australia, New Zealand, and internationally. The company operates through Business and Private Banking; Personal Banking; Corporate and Institutional Banking; New Zealand Banking; and Corporate Functions and Other segments.