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

Canadian Western Bank (OTCMKTS:CBWBFGet Free Report) was the recipient of a large increase in short interest during the month of 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.

Canadian Western Bank Stock Performance

Canadian Western Bank stock opened at $29.91 on Tuesday. Canadian Western Bank has a 1-year low of $18.10 and a 1-year high of $32.00. The firm has a 50-day moving average of $20.27 and a 200-day moving average of $21.23.

Analysts Set New Price Targets

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

Read Our Latest Stock Report on CBWBF

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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