Short Interest in Commonwealth Bank of Australia (OTCMKTS:CMWAY) Expands By 164.8%

Commonwealth Bank of Australia (OTCMKTS:CMWAY) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 33,100 shares, a growth of 164.8% from the September 15th total of 12,500 shares. Based on an average trading volume of 40,700 shares, the days-to-cover ratio is presently 0.8 days.

CMWAY has been the subject of several research reports. Zacks Investment Research downgraded Commonwealth Bank of Australia from a “buy” rating to a “sell” rating in a research note on Thursday, October 7th. Jefferies Financial Group downgraded Commonwealth Bank of Australia from a “buy” rating to a “hold” rating and set a $114.00 price target for the company. in a research note on Tuesday, October 5th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. downgraded Commonwealth Bank of Australia from an “overweight” rating to a “neutral” rating and set a $85.00 target price for the company. in a research note on Wednesday, October 6th. They noted that the move was a valuation call.

Shares of OTCMKTS:CMWAY traded down $1.02 on Thursday, hitting $76.42. The company’s stock had a trading volume of 12,370 shares, compared to its average volume of 18,578. The company has a 50-day simple moving average of $74.87 and a 200 day simple moving average of $73.84. Commonwealth Bank of Australia has a 1 year low of $47.53 and a 1 year high of $81.00.

The firm also recently declared a dividend, which was paid on Tuesday, October 12th. Shareholders of record on Monday, August 23rd were issued a $2.6168 dividend. The ex-dividend date of this dividend was Friday, August 20th. This represents a dividend yield of 3.44%. Commonwealth Bank of Australia’s payout ratio is currently 108.58%.

Commonwealth Bank of Australia Company Profile

Commonwealth Bank of Australia engages in the provision of banking and financial services. It operates through the following segments: Retail Banking Services; Business and Private Banking; Institutional Banking and Markets; Wealth Management; New Zealand; and International Financial Services and Corporate Other.

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