Short Interest in Canadian Western Bank (OTCMKTS:CBWBF) Grows By 9.8%

Canadian Western Bank (OTCMKTS:CBWBFGet Free Report) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 1,935,700 shares, an increase of 9.8% from the May 15th total of 1,762,800 shares. Based on an average trading volume of 2,500 shares, the days-to-cover ratio is currently 774.3 days.

Wall Street Analysts Forecast Growth

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

Read Our Latest Research Report on CBWBF

Canadian Western Bank Price Performance

CBWBF opened at $29.91 on Tuesday. Canadian Western Bank has a one year low of $18.10 and a one year high of $32.00. The stock’s fifty day moving average is $20.27 and its 200-day moving average is $21.23.

Canadian Western Bank Company Profile

(Get Free Report)

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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