Short Interest in Canadian Western Bank (OTCMKTS:CBWBF) Rises By 8.1%

Canadian Western Bank (OTCMKTS:CBWBF) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 2,200,200 shares, a growth 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 presently 1,158.0 days.

Analyst Upgrades and Downgrades

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

Canadian Western Bank Price Performance

CBWBF stock opened at $39.85 on Wednesday. The firm has a 50 day moving average of $36.26 and a two-hundred day moving average of $28.02. Canadian Western Bank has a 12 month low of $18.10 and a 12 month 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.