Short Interest in Commonwealth Bank of Australia (OTCMKTS:CBAUF) Drops By 13.5%

Commonwealth Bank of Australia (OTCMKTS:CBAUF) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 10,720,300 shares, a drop of 13.5% from the October 15th total of 12,391,300 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 53,601.5 days.

Commonwealth Bank of Australia Price Performance

Shares of CBAUF remained flat at $97.76 during mid-day trading on Friday. The business has a 50 day simple moving average of $91.94 and a 200 day simple moving average of $85.59. Commonwealth Bank of Australia has a 52 week low of $67.73 and a 52 week high of $97.76.

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.