Canadian Western Bank (OTCMKTS:CBWBF) Short Interest Update

Canadian Western Bank (OTCMKTS:CBWBF) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 2,200,200 shares, an increase of 8.1% from the August 31st total of 2,035,200 shares. Based on an average daily volume of 1,900 shares, the days-to-cover ratio is currently 1,158.0 days.

Wall Street Analysts Forecast Growth

Separately, Raymond James lifted their price target on shares of Canadian Western Bank from $37.00 to $52.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th.

Canadian Western Bank Price Performance

Shares of Canadian Western Bank stock opened at $39.48 on Tuesday. The firm has a fifty day moving average price of $36.14 and a two-hundred day moving average price of $27.89. Canadian Western Bank has a fifty-two week low of $18.10 and a fifty-two week high of $39.85.

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.