A Reversal for COMMONWEALTH BANK OF A (OTCMKTS:CBAUF) Is Not Near. The Stock Has Rise in Shorts

January 14, 2018 - By Vivian Park

The stock of COMMONWEALTH BANK OF A (OTCMKTS:CBAUF) registered an increase of 6% in short interest. CBAUF’s total short interest was 7.14 million shares in January as published by FINRA. Its up 6% from 6.74M shares, reported previously. With 600 shares average volume, it will take short sellers 11904 days to cover their CBAUF’s short positions.

The stock increased 0.16% or $0.1 during the last trading session, reaching $64.03. About 100 shares traded. Commonwealth Bank of Australia (OTCMKTS:CBAUF) has 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Commonwealth Bank of Australia provides integrated financial services in Australia, New Zealand, and internationally. The company has market cap of $118.45 billion. It offers retail, premium, business, and institutional banking; and funds management, superannuation, insurance, investment, and share-broking services and products. It has a 14.53 P/E ratio. The firm provides retail banking services, including home loans, credit cards, personal loans, transaction accounts, and demand and term deposits through its Commonwealth Bank and Bankwest brands; and commercial products, such as business loans, equipment and trade finance, and rural and agribusiness products to firms, government entities, and other institutions.

More important recent Commonwealth Bank of Australia (OTCMKTS:CBAUF) news were published by: Livetradingnews.com which released: “Commonwealth Bank of Australia (ASX:CBA) Consolidating Mixed Signals” on January 08, 2018, also Reuters.com published article titled: “Australia’s CBA weighs exiting Indonesian insurance unit valued at up to $250 …”, Fool.com.Au published: “Is the Commonwealth Bank of Australia share price a buy?” on January 09, 2018. More interesting news about Commonwealth Bank of Australia (OTCMKTS:CBAUF) was released by: Fool.com.Au and their article: “Why overseas investors are rushing to buy Commonwealth Bank of Australia debt” with publication date: January 07, 2018.

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