Canadian Western Bank (OTCMKTS:CBWBF) Short Interest Update

Canadian Western Bank (OTCMKTS:CBWBF) saw a large decrease in short interest in June. As of June 15th, there was short interest totalling 1,819,700 shares, a decrease of 6.0% from the May 31st total of 1,935,700 shares. Based on an average trading volume of 6,800 shares, the days-to-cover ratio is presently 267.6 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 report on Thursday, June 13th.

Canadian Western Bank Price Performance

CBWBF opened at $31.69 on Tuesday. Canadian Western Bank has a fifty-two week low of $18.10 and a fifty-two week high of $32.00. The company has a fifty day moving average of $22.63 and a 200 day moving average of $21.87.

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.