Canadian Western Bank (OTCMKTS:CBWBF) Sees Significant Growth in Short Interest

Canadian Western Bank (OTCMKTS:CBWBF) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 1,342,300 shares, an increase of 7.9% from the September 30th total of 1,244,000 shares. Based on an average daily volume of 200 shares, the short-interest ratio is currently 6,711.5 days.

Canadian Western Bank Stock Performance

Shares of OTCMKTS:CBWBF opened at $40.96 on Friday. Canadian Western Bank has a 12-month low of $18.10 and a 12-month high of $40.96. The business’s fifty day simple moving average is $39.30 and its 200-day simple moving average is $31.10.

About Canadian Western Bank

Canadian Western Bank provides personal and business banking products and services in Western Canada. The company offers current, savings, US dollar, chequing, flex notice, organization, business trust, and trust fund investment accounts. It also offers commercial lending and real estate, equipment financing and leasing, aviation financing, and dealership financing products; agriculture lending products and AgriInvest savings account; variable and fixed rate mortgages; line of credit; registered retirement savings plan, consolidation, and vehicle loans; and credit cards.