Canadian Western Bank (OTCMKTS:CBWBF – Get Free Report) 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.
Read Our Latest Stock Analysis on Canadian Western Bank
Canadian Western Bank Price Performance
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.
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