Short Interest in National Australia Bank Ltd. (OTCMKTS:NABZY) Expands By 53.3%

Key Points

• Short interest in National Australia Bank Ltd. increased by 53.3% in July, rising from 52,000 shares to 79,700 shares, indicating a growing pessimism among investors.
• The company recently cut its dividend to $0.255 per share, reflecting changes in financial strategy despite high yield expectations.
• As of the latest data, National Australia Bank's shares are trading at $12.69, with a 12-month range between $9.32 and $14.06.

National Australia Bank Ltd. (OTCMKTS:NABZY - ) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 79,700 shares, agrowthof53.3% from the June 30th total of 52,000 shares. Based on an average daily trading volume, of 251,200 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 251,200 shares, the days-to-cover ratio is presently 0.3 days.

National Australia Bank Trading Down 0.1%

Shares of OTCMKTS NABZY opened at $12.69 on Thursday. National Australia Bank has a 12-month low of $9.32 and a 12-month high of $14.06. The firm's 50-day simple moving average is $12.69 and its 200 day simple moving average is $11.88.

National Australia Bank Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a yield of 405.0%.

National Australia Bank Company Profile

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.

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