After Reaching Milestone, Is COMMONWEALTH BANK OF AUSTRALIA ORDINARY (OTCMKTS:CBAUF)’s Short Interest Revealing Something?

April 20, 2018 - By Kurt Siggers

Commonwealth Bank of Australia (OTCMKTS:CBAUF) Logo

The stock of COMMONWEALTH BANK OF AUSTRALIA ORDINARY (OTCMKTS:CBAUF) registered a decrease of 18.26% in short interest. CBAUF’s total short interest was 3.78 million shares in April as published by FINRA. Its down 18.26% from 4.62 million shares, reported previously. With 1,100 shares average volume, it will take short sellers 3432 days to cover their CBAUF’s short positions. The short interest to COMMONWEALTH BANK OF AUSTRALIA ORDINARY’s float is 0.22%.

It closed at $56.4 lastly. It is down 0.00% since April 20, 2017 and is . It has underperformed by 11.55% the S&P500.

Commonwealth Bank of Australia provides integrated financial services in Australia, New Zealand, and internationally. The company has market cap of $99.16 billion. It offers retail, premium, business, and institutional banking; and funds management, superannuation, insurance, investment, and share-broking services and products. It has a 13.23 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.

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