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

Commonwealth Bank of Australia (OTCMKTS:CMWAY) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 16,300 shares, an increase of 279.1% from the October 15th total of 4,300 shares. Based on an average daily trading volume, of 30,100 shares, the days-to-cover ratio is currently 0.5 days.

Commonwealth Bank of Australia Trading Up 0.3 %

Shares of CMWAY stock traded up $0.27 during mid-day trading on Wednesday, hitting $97.76. The company had a trading volume of 16,704 shares, compared to its average volume of 18,251. The stock’s 50 day moving average price is $94.83 and its 200-day moving average price is $88.43. Commonwealth Bank of Australia has a 52-week low of $64.61 and a 52-week high of $100.56. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.09 and a quick ratio of 1.09.

Commonwealth Bank of Australia Increases Dividend

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

Commonwealth Bank of Australia Company Profile

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.