Short Interest in Canadian Western Bank (OTCMKTS:CBWBF) Drops By 6.0%

Canadian Western Bank (OTCMKTS:CBWBF) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 1,819,700 shares, a decrease of 6.0% from the May 31st total of 1,935,700 shares. Based on an average daily trading volume, of 6,800 shares, the short-interest ratio is currently 267.6 days.

Canadian Western Bank Price Performance

Shares of OTCMKTS CBWBF opened at $31.69 on Thursday. Canadian Western Bank has a 1-year low of $18.10 and a 1-year high of $32.00. The business’s 50 day moving average is $23.11 and its two-hundred day moving average is $22.00.

Wall Street Analyst Weigh In

Separately, Raymond James upped their price objective on Canadian Western Bank from $37.00 to $52.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th.

Canadian Western Bank Company Profile

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.