Commonwealth Bank of Australia (OTCMKTS:CMWAY) Sees Significant Drop in Short Interest

Commonwealth Bank of Australia (OTCMKTS:CMWAY) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 2,400 shares, a decline of 79.5% from the September 15th total of 11,700 shares. Based on an average daily volume of 22,900 shares, the short-interest ratio is presently 0.1 days.

Commonwealth Bank of Australia Stock Performance

OTCMKTS CMWAY traded down $0.05 during trading on Friday, reaching $91.66. 15,236 shares of the company’s stock were exchanged, compared to its average volume of 13,266. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.98. The company’s fifty day simple moving average is $92.67 and its 200-day simple moving average is $85.20. Commonwealth Bank of Australia has a fifty-two week low of $59.95 and a fifty-two week high of $99.39.

Commonwealth Bank of Australia Increases Dividend

The business also recently declared a dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, August 26th were issued a dividend of $1.6378 per share. This is a boost from Commonwealth Bank of Australia’s previous dividend of $1.37. The ex-dividend date of this dividend was Monday, August 26th.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised shares of Commonwealth Bank of Australia to a “strong sell” rating in a research note on Monday, June 24th.

About Commonwealth Bank of Australia

Commonwealth Bank of Australia provides financial services in Australia, New Zealand, and internationally. It operates through Retail Banking Services, Business Banking, Institutional Banking and Markets, and New Zealand segments. The company offers transaction, savings, and foreign currency accounts; term deposits; personal and business loans; overdrafts; equipment finance; credit cards; international payment and trade; and private banking services, as well as home and car loans.