Westpac Banking Co. (OTCMKTS:WEBNF) Sees Significant Increase in Short Interest

Westpac Banking Co. (OTCMKTS:WEBNF) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 16,241,100 shares, a growth of 36.8% from the June 30th total of 11,871,200 shares. Based on an average daily volume of 3,500 shares, the days-to-cover ratio is currently 4,640.3 days.

Westpac Banking Stock Up 2.9 %

Shares of OTCMKTS WEBNF opened at C$18.53 on Friday. Westpac Banking has a 12 month low of C$12.75 and a 12 month high of C$19.10. The firm’s 50 day simple moving average is C$17.77 and its 200-day simple moving average is C$17.01.

Westpac Banking Company Profile

Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, and internationally. The company operates through Consumer, Business, Consumer and Business Banking, Westpac Institutional Bank, Specialist Businesses, and Westpac New Zealand segments. It offers savings, term deposit, business transaction, not-for-profit transaction, foreign currency, farm management deposit, project and retention trust, and statutory trust accounts; home, personal, business, and commercial loans; car and equipment finance; business overdrafts and bank guarantees; debit and credit cards; international and travel services; share trading services; investment products; and home, car, travel, life, caravan and trailer, credit card and loan repayment, boat, and business insurance products.