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

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

Analyst Ratings Changes

Separately, Raymond James upped their price target 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 Stock Performance

CBWBF opened at $31.69 on Tuesday. Canadian Western Bank has a twelve month low of $18.10 and a twelve month high of $32.00. The company has a 50-day moving average price of $22.63 and a 200 day moving average price of $21.87.

About Canadian Western Bank

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.