Short Interest in Westpac Banking Co. (OTCMKTS:WEBNF) Drops By 23.5%

Westpac Banking Co. (OTCMKTS:WEBNF) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 13,518,100 shares, a decrease of 23.5% from the May 31st total of 17,666,300 shares. Based on an average daily trading volume, of 4,100 shares, the short-interest ratio is presently 3,297.1 days.

Westpac Banking Price Performance

Shares of WEBNF opened at C$17.00 on Monday. Westpac Banking has a 1 year low of C$12.75 and a 1 year high of C$18.46. The company’s 50 day simple moving average is C$17.39 and its 200 day simple moving average is C$16.60.

Westpac Banking Company Profile

Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, and internationally. The company operates through Consumer, Business, Consumer and Business Banking, Westpac Institutional Bank, Specialist Businesses, and Westpac New Zealand segments. It offers savings, term deposit, business transaction, not-for-profit transaction, foreign currency, farm management deposit, project and retention trust, and statutory trust accounts; home, personal, business, and commercial loans; car and equipment finance; business overdrafts and bank guarantees; debit and credit cards; international and travel services; share trading services; investment products; and home, car, travel, life, caravan and trailer, credit card and loan repayment, boat, and business insurance products.